💥Out With the Old, In With the New💥

TRU Trust Settlement, Kabbage, Chinese Property Fallout, Restaurant Distress + More.

👍 Winners of the Week 👍

Source: Getty Images

1. The Pivot Deniers (Long Fed Ammo). It goes something like this:

nonfarm payrolls ⬆️ = Fed 💪 = stock market 📉 = restructuring professionals 😎.

Yup, things are such a colossal cluster in the economy that 263k nonfarm payrolls added all-but-assured the Fed pivot narrative of smaller increases or, even, rat…