Core Insights - Subprime auto loan delinquencies have reached a two-decade high, indicating a significant risk to the macroeconomic environment due to the increasing percentage of bad loans among consumers with below-average credit scores [1] Group 1: Economic Impact - The rise in subprime auto loan delinquencies poses a clear threat to the overall macroeconomic situation, highlighting potential vulnerabilities in consumer credit markets [1] Group 2: Market Sentiment - While some market participants may remain optimistic (bulls), the data on rising delinquencies suggests caution is warranted regarding future economic stability [1]

Core Insights - Subprime auto loan delinquencies are at a two-decade high, indicating a significant risk to the macroeconomic environment [1] Group 1: Industry Overview - The percentage of bad loans to consumers with below-average credit scores is rising, which poses a clear threat to the overall economic situation [1]