A Growing Divide in Leveraged Finance

Published on July 7, 2026

Higher rates, weaker underwriting, and software concentration are exposing vulnerabilities in direct lending and leveraged loans, while high yield bonds appear better positioned.

Continue reading on website
Other news

Clients Nearing Retirement? Try This New Flavor of Income ETFs

July 7, 2026
Right now, advisors are facing a massive generation of clients trying to navigate retirement. That’s challenging enough, but with inflation and the cost of living rising, assuaging those clients’ concerns and delivering for them has become much trickier. Income ETFs can help meet those clients’ goals, with new, daily covered call ETFs an appealing option.

Jobs Report Masks a Still-Resilient Economy

July 7, 2026
The June employment report’s headline readout was softer than expected, but the details reinforce my view that the U.S. economy remains on a stable footing. Headline payroll growth disappointed, yet the previous two months—which had surprised to the upside—were revised lower, bringing hiring back toward a pace that is far more consistent with a mature expansion.