The Sacklers are a Sack of...💩

Convertible debt, The Gap Inc. ($GPS), Revlon Inc. ($REV), Neiman Marcus & More.

👍Winners & Losers of the Week 👎

Winners

1. The Fed. This week Jay POW-ell announced that the Fed is going to start unwinding corporate bond ETF purchases. The policy was effective — bolstering confidence in the markets just at the appropriate time. But it isn’t necessary anymore. The Fed is cognizant of the fact that it doesn’t want to end up like the B…