Van Hesser's 3 Things in Credit - A KBRA Podcast

This week, our 3 Things are: 1. Big bank color. We’ll summarize what some of the largest lenders are seeing in credit. 2. Net worth surge. It’s driving the consumers’ confidence to spend. 3. Treasury volatility. A Fed pivot of the unfavorable kind.

This week, our 3 Things are: 1. The CPI print. Is it really shocking? 2. Earnings season. A third consecutive quarter of earnings growth is forecast but peel this onion a bit and you’ll find some troubling undertones. 3. Event risk. It’s been relatively quiet.

This week, our 3 Things are: Small business signals. A good place to look for slowdown. Single-B spreads at 16-year tights. Does that make sense? Apparel company guidance. Have you been paying attention?

This week, our 3 Things are: Slack. It’s growing in the labor and industrial markets. Equity euphoria. A surprising view of what’s ahead. Consumer lenders. Risk investors are making a noteworthy distinction.

This week our three things are: U.S. exceptionalism. Efficient capital markets are a big part. C-suite confidence. It’s building. Banks, a year later. Here’s what we learned, a year after the “March events.”

This week, our 3 Things are: 1. Powell’s dilemma. To cut or not to cut. It’s not just data dependent. We’ll explain. 2. FICO scores. They’ve hooked over for the first time in a decade. What does that mean? 3. Direct lending default and recovery rate surprises. Eric Rosenthal is along to bring you up to date.

This week, our 3 Things are: 1. Commodities downdraft. Historically, that move can be good or bad—we’ll give you our thoughts. 2. Cost of equity versus cost of debt. What does the Fed make of this? 3. A “choiceful” consumer. What that means for all-important spending.

This week, our 3 Things are: 1. Commercial real estate threat to banks. We’ll provide some much-needed facts. 2. Shifting to slowdown. Here’s how corporate earnings growth is impacted. 3. Private credit borrowers. Ares’ description is useful context.

This week, our 3 Things are: 1. Credit’s strong technicals. It will help you get comfortable with tight spreads. 2. Market volatility. It’s awakened in equities. Should credit keep pace? 3. “Hot” CPI versus “cold” retail sales. Has the broader narrative changed?

This week, our 3 Things are: Credit card delinquencies. It’s all over the press. We’ll tell you whether or not to be worried. Updated SLOOS. How are bankers thinking about lending in this environment? Barkin wisdom. The head of the Richmond Fed challenges Fedspeak.