KOSPI on a sunbound pegacorn

From spectramarkets.com

Weird vibes this week as there is fear building about a credit crisis triggered by illiquid private credit, private equity, and/or software and tech issuance and credit quality. We are seeing some huge moves in names like Apollo (down 8%), KKR (down 5%) and the regional bank ETF (KRE, down 5% today and 10% this week). The funny thing about credit is that it gets tight at the worst possible time and loose at the worst possible time. Private credit investors are starting to vote with their feet and after years of concerns that they were marking to fantasy, not to market… The tide is going out and we’re going to ... (full story)