Ben Bennett, L&G's Asia head of investment strategy, shares his views on how Chinese and US markets could perform going into 2026. He speaks on Bloomberg Television. ...

SCARLET: FROM NEW YORK CITY FOR OUR VIEWERS WORLD WIDE, I’M SCARLET FU, BLOOMBERG “REAL YIELD" STARTS RIGHT NOW. U.S. CONSUMER SENT. RISING FOR THE FIRST TIME IN FIVE MONTHS AS TRADERS PREPARE FOR THE FEDERAL RESERVE WITH A CLOUD OVER CENTRAL BANK INDEPENDENCE.ED A -- BINGE THREATS TO SWAMP CREDIT MARKETS ON BOTH SIDES OF THE ATLANTIC. WE BEGIN WITH THE FUTURE OF THE FED. >> THE QUESTION IS WHAT THE MARKET EXPECTS THE FED TO DO VERSUS WHAT IT PLANS TO DO.WE GET AN IDEA OF UNDERLYING MOMENTUM. >> I THINK THI ...

RT Mary Gooneratne (@marygooneratne)Not only will Solana become the best place for day-one spot markets, but the best place for day-one credit markets.Internet. Capital. Markets. ...

Core Insights - JPMorgan Chase is dominating the financing landscape, outpacing both private credit managers and Wall Street rivals with substantial financing packages [1][2] - The bank has made significant commitments, including an $8 billion deal for 3G Capital's acquisition of Skechers, a $17.5 billion package for Warner Bros. Discovery's split, and a record $20 billion for Electronic Arts' acquisition [2] - JPMorgan's size and financial strength allow it to have substantial exposure to single clients, with the potential for nearly $50 billion based on US regulations [3] Financing Strategy - JPMorgan's aggressive financing approach has positioned it to lead the buyout financing league table this year, with expectations of a record year for mergers and acquisitions in 2026 [4] - The bank's willingness to engage in large transactions has created competitive pressure on its rivals, especially as it previously reduced its underwriting in leveraged finance, avoiding significant losses [5]

The malaise sweeping financial markets globally is creeping into credit markets. https://t.co/juXSjabOnr ...

A Texas banker talks about industry M&A, New York's Zohran Mamdani and credit markets https://t.co/sEAFwqHlSM ...

Core Viewpoint - Federal Reserve Governor Stephen Miran advocates for more aggressive interest rate cuts, arguing that current monetary policy is too restrictive and does not align with his optimistic outlook on inflation [1][2]. Summary by Sections Monetary Policy Stance - Miran believes that the Federal Reserve's current policy is overly restrictive, suggesting that the neutral rate is significantly lower than the current policy [1]. - He has consistently called for looser monetary policy, dissenting against the recent quarter-percentage point rate cuts in September and October, favoring half-point reductions instead [2]. Recent Rate Cuts - The Federal Reserve cut its benchmark rate by a quarter-point for the second consecutive month, bringing the target range to 3.75% to 4% [3]. - Fed Chair Jerome Powell indicated that another rate cut in December is uncertain, reflecting ongoing concerns about the labor market [3]. Inflation Concerns - Some Fed officials express worries that lowering rates too quickly could keep inflation elevated, with Chicago Fed President Austan Goolsbee prioritizing inflation concerns over labor market issues [4][5]. - San Francisco Fed chief Mary Daly emphasized the need to balance inflation and employment mandates while considering future rate cuts [5]. Credit Market Insights - Miran pointed out recent stress in credit markets as a sign that monetary policy may still be too tight, indicating potential underlying issues that have been previously overlooked [5]. - He noted that the emergence of uncorrelated credit problems suggests a need for reevaluation of the current monetary stance [6].

Core Viewpoint - OppFi Inc. (NYSE: OPFI) reported a strong quarter of earnings, but the stock has experienced a pullback due to various factors, including exposure to credit markets and uncertainty [1]. Financial Performance - The company has shown robust earnings in the recent quarter, indicating strong operational performance despite stock market reactions [1]. Market Concerns - The recent stock pullback is attributed to OppFi's exposure to the credit markets, which raises concerns among investors [1]. - Uncertainty in the market environment is also contributing to the stock's decline [1].

Core Viewpoint - The credit markets are showing a diverging picture, with strong investment-grade borrowers funding AI data centers while speculative or "zombie" firms struggle under high interest rates [1] Group 1: Credit Market Dynamics - Strong investment-grade borrowers are successfully financing AI data centers [1] - Speculative or "zombie" firms are facing challenges due to high interest rates [1] Group 2: Default Cycle Expectations - The default cycle is expected to continue but remain contained [1]

Credit Market Trends - Credit markets are seeing the resurgence of a different type of zombie, coinciding with Halloween [1]