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Market Impact: 0.35
First Evidence Of A Credit Crunch - A 20% Correction In Stocks To Follow
Source: seekingalpha.com
Credit & Bond MarketsInvestor Sentiment & Positioning

The CCC-or-below credit spread has spiked to levels last seen during the 2022 bear market. The article characterizes this as the “first domino” and warns that a credit crunch could spread next to BBB spreads, a point at which stock markets typically begin to react.
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moderately negative
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