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Simple Credit Indicator to Watch Out for Equity Investor
SPX
, 1M
SPX: Simple Credit Indicator to Watch Out for Equity Investor

There is a classic saying that credit markets tend to lead equity markets. The rationale is that credit investors are solely more concerned about downside risk (as they worry whether coupons will be paid and whether they will get their principal back at maturity) and measure risks and determine spreads - over the risk free/benchmark rate - by factoring in the...

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