Craig Shapiro: October SLOOS shows credit slowdown driven by weaker demand

Craig Shapiro: October SLOOS shows credit slowdown driven by weaker demand
SLOOS reports demand-driven credit slowdown

The October Senior Loan Officer Opinion Survey (SLOOS), covering the third quarter, indicates a slowdown in credit that is primarily driven by weaker demand rather than a tightening of supply.

Craig Shapiro reported that commercial and industrial lending standards were nearly unchanged, with net 1.7% tightening for large firms and 5.1% for small firms. The data shows that all of the tightening came from smaller banks.

Shapiro previously highlighted Brent crude rising to $105 due to Pentagon strike plans and related AI credit concerns in an analysis of commodity and bond market risks. In another post, he examined how SOXL rebalancing has injected synthetic negative gamma and noted record Treasury long positions in market-structure commentary. These reports reflect his ongoing tracking of cross-market risk factors.

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