Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough. 

I have a job to do this morning in leading both my family and firm. I like to think of myself as one of the leaders of #HedgeyeNation too. To the many leaders we have out there, I challenge you to do the same this morning.

Lead by doing. If you’re the kind of player that needs to get loud sometimes, be that guy. If you’re the player who can quietly and surgically help us smoke the competition, be that gal. It takes everyone being themselves to summit, as a team, at the highest level.

CHART OF THE DAY: High Yield OAS Hits Cycle High - oas1