Private Credit Is Entering Its Musical Chairs Phase

Published on March 17, 2026

Every financial crisis has a moment — usually identified only in retrospect — when an obscure product intended to mitigate risk spreads through what author Rick Bookstaber called “tightly coupled” interconnections to cause widespread damage.

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Morgan Stanley Sticks With June Rate Cut Call as Oil Surges

March 17, 2026
Morgan Stanley is sticking with a forecast that sees the Federal Reserve resuming interest rates cuts in June and delivering another reduction in September, even as soaring oil prices prompt traders to curb bets for how much policymakers will lower borrowing costs this year.

As International Equities Flows Set Records, Lean on Fundamentals

March 17, 2026
International equities — non-U.S. equities — brought in a record $60 billion in January. Investors are looking abroad for their investment opportunities amid domestic uncertainty like significant concentration risk, Fed questions, and policy concerns.