- Our analysis confirms a positive inflection in the domestic #CreditCycle in recent quarters.
- As such, what was once a material headwind to economic growth and the economic cycle itself is now somewhat of a tailwind.
- This information would seem to suggest that any investor holding on to a stale recession risk view is unlikely to get rewarded for that bias in the near term (i.e. the facts have clearly changed).
CLICK HERE to download the latest update of our #CreditCycle presentation (20 slides).
As always, please feel free to reply with any follow-up questions or related comments.
Enjoy your respective evenings,