Credit Risk Divergence Forecasts Possible Near Term Woes

From the world of sports to the rest of the world, the docket is brimming. The G7 is getting underway in the land of our Northern neighbors. Yes, the same ones we hit with import tariffs. I’m sure that will be a pleasant day for all! The big Summit we’ve been talking about is finally happening this Tuesday. Or at least we hope it will. Credit markets are under-performing their underlying components. This, as a major bank sees it, foreshadows forward walking equity risk. I see an uptick in the wall art (charts) that makes the market. Yet, absent the equation is volume, leaving optimism weak at its core. Time will tell…stay tuned.