Morgan Stanley anticipates a sudden pullback in US corporate earnings will slam the brakes on...

Prodigal
@ProdigalThe3rd
1/

Soros Fund Management CEO/CIO:

Economic contraction coming as lending tightens

70% of levered (high-debt) loans bought via CLOs

CLO issuance at 2020 levels w/40% of existing CLOs to end investment periods in 2023

Magnitude & duration of default cycle will surprise many
https://twitter.com/ProdigalThe3rd/status/1667898612557201408
Prodigal
@ProdigalThe3rd
Jun 4
Morgan Stanley anticipates a sudden pullback in US corporate earnings will slam the brakes on the stock market rally

The investment bank projects earnings per share for the S&P 500 will drop 16% this year

….bullish on Japan, Taiwan & South Korea twitter.com/prodigalthe3rd…
10:16 AM · Jun 11, 2023