Banking and Private Credit Optimism Amid Looming Recession.
TL;DR
TCW Group CEO Katie Koch believes that sentiment in the banking industry is too high, as regional banks stumble and the economy heads into a credit crunch. The dual pressure from deposit outflow and commercial real estate exposure is putting pressure on regional banks, which could lead to a credit crunch and weigh on the economy and jobs. Despite this, the S&P 500 is down less than 1% in the past month and up roughly 6% on the year.
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