Trading Day: Wall Street, gold cool as visibility dims
Yahoo Financeยท2025-10-09 21:03
The bankruptcy protection filing by U.S. auto parts firm First Brands - and mysterious disappearance of $2.3 billion - is intensifying speculation that all is not rosy in the private credit garden. Could this be where bubble risks lie, rather than public markets?Is it different this time? Perhaps - interest rates are falling, not rising; there's no household or business credit bubble; leverage is generally low. Yet the surge in prices, tech valuations, and market concentration is eye-watering. The AI frenzy ...