⚡️The Fed Pivot⚡️

BDC Cracks, SAExploration, Nike Inc., Colorful Lawsuits

We’re old enough to remember when rising interest rates were a headwind for over-levered companies.

This week’s news out of the Fed — that the Fed’s new long-term goals will be the achievement and maintenance of full employment rather than preventing a 2+% inflation rate — demonstrates that rising rates aren’t likely to be an issue for some time. In fa…