US Stock Markets Make Record Targets, But Its Economy Sees Rising Cracks

Goldman Sachs and Citi now see the S&P 500 ending the year somewhere between 7,400 and 8,100, and analysts expect third-quarter earnings to grow by more than 30%. Underneath that optimism, there are warning signs. Distressed loans are at their highest level since March 2020, with tech making up more than a third of them, and Treasury yields keep rising. We speak to Tony Nash, CEO of Complete Intelligence, about whether the rally can hold, how much the market trusts Scott Bessent, and whether stress in credit could spread to other sectors. Image Credit: Shutterstock See omnystudio.com/listener for privacy information.