The Independent Advisors Podcast: Episode 372 – A Signal Not Seen Since The Financial Crisis

Mark and Matt cover a credit market signal not seen since before the financial crisis: stocks near highs while junk bonds and housing stocks diverge. They break down what credit spreads are and why they’ve been rising, a historical pattern showing stocks often lag after this setup, Q4 seasonality, record corporate profits as a share of GDP, and sustained strength in US manufacturing. They close with a look at how dependent Americans are on Social Security across income levels.