😎What to Make of the Credit Cycle: Pros Say😎

A deluge of Fed-infused cash ended the party before it really got started.

In Sunday’s Members’-only edition, “💥The Default Rate Ticks Down💥,” we discussed the craziness that is going on in the markets these days. Among other things, we noted how (i) Oaktree Capital Management’s Howard Marks now advises caution after a short-lived bullish fever, (ii) SVPGlobal’s Victor Khosla is optimistic that 2021 will be rife with distres…