Sunday, March 29, 2026

Stocks, Bonds, and Private Credit

Battered by Stock Losses, Investors Find Little Relief in Bonds
https://www.wsj.com/finance/investing/battered-by-stock-losses-investors-find-little-relief-in-bonds-af3f8a14
Inflation fears and forced selling have led to a sharp increase in Treasury yields.
 
Three Reasons the Stock Market Can Endure the War
https://www.wsj.com/finance/stocks/three-reasons-the-stock-market-can-endure-the-war-23c5f966
So far the fall in share prices has been small given the scale of disruption. Here are some of the supports keeping them aloft.
 
This Is Starting to Look Like a Slow-Motion Bank Run

Is Another Financial Crisis Lurking in Private Credit?
https://www.wsj.com/economy/is-another-financial-crisis-lurking-in-private-credit-cad379b1
The asset class is fast-growing, opaque and intertwined with banks but lacks the scale and leverage that cashiered the economy in 2007. 

Private-Credit Wobbles Could Prove Perilous for Trump
https://www.nytimes.com/2026/03/30/business/private-credit-risks-trump-administration.html
The Trump administration is poised to broaden access to risky investments that are showing signs of strain.

What Banks Stand to Lose from the Private-Credit Mess
https://www.wsj.com/finance/banking/what-banks-stand-to-lose-from-the-private-credit-mess-194a5338
Potential losses from loans to private-credit funds aren’t the only concern.