
To Survive Disasters, You Need Smiles (guest: Steve Hou)
The Market Huddle
00:00
Credit Spreads - Is That the Right Quote?
The bond market is going to be under the most duress from these really high rates and these historical rate hikes. And it'll be really interesting to see whether we see cracks start to emerge here. When you look at the credit spreads, they really have not been under any stress. But I think that if 2023 isGoing to be a shit show, the canary in the coal mine could come from credit spread starting to to widen in the space. It doesn't make sense though. Like I'm not even more so than most environments. I think there's a bigger financial crisis on the way.
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