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But we saved everything 🙂.
Leveraged loans have declined by over 2 percent from their January high, a move that often precedes a larger correction in equities. Charlie Bilello raised this point while noting that the S&P 500 entered today less than 1 percent off its all-time high.
Bilello questioned whether leveraged loans are acting as a leading indicator for broader market weakness, as instances of loan softness have historically coincided with more significant turbulence in stock markets. The dynamic highlights ongoing scrutiny of credit markets against the backdrop of strong equity valuations.
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