It's undeniable - US bankruptcy filings remain stubbornly high, echoing a sentiment of financial strain across diverse sectors. While the surge in bankruptcies initially began in the wake of the lockdowns, it seems the repercussions continue to be felt across businesses and households.

Why is this alarming? Beyond the obvious financial strain, there's a cascading effect:

Market uncertaintyPotential job losses impact on investor sentiment

This is not just a snapshot of today's economic state but could shape the financial landscape for years to come.

Recession is in the air!

Source: @SPGMarketIntel