3 Things in Credit: September 24, 2021

In this week's episode, KBRA Chief Strategist Van Hesser discusses: Evergrande—no, this is not China’s Lehman moment, but it does speak to what is happening with the world’s second-largest economy, and that’s important to credit investors. We’ll elaborate. Stretched valuations—just how worrisome are they? We think it’s debatable, and we’ll lay out our case. The Fed speaks! While the world is focused on dot plots, we focused on its projections, and had a hard time connecting those dots.