Corporate bonds are exposed to abrupt downside as liquidity providers are increasingly replaced by liquidity takers.

Stocks in the US seem unstoppable but investors shouldn’t be complacent because there are a number of markers suggesting the rally is more fragile than it seems.

Selloffs in Treasuries are compounded by the real loss in the purchasing power of the dollars they are denominated in.

Soaring corporate profits are a big part of the inflation problem, and keeping interest rates high is the best way to rein them in, according to Bloomberg’s latest poll of professional and retail investors.

Tighter Federal Reserve policy is raising households’ interest-rate burden, leading to a rapid decline in excess savings and underscoring the likelihood hawkishness has peaked.

US equity earnings are behaving similarly to the run-up to previous recessions, tallying with multiple leading indicators showing the US is on track for an economic slump.