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IHYV - Watch High Yield Bonds And Leveraged Loans For Distress In Financial Sector: Ed Harrison
Invesco Corporate Income Value ETF Invesco Exchange-Traded Self-Indexed Fund Trust
The “Great Lockdown” has caused a dramatic drop in 2020 growth expectations from the IMF, which said we are likely to see the worst recession since the Great Depression. But the big news was that the market was up 3% on the back of negative earnings reports from the country’s largest banks, Ash Bennington and Ed Harrison said during today’s Real Vision Daily Briefing.
It came as no surprise that first-quarter earnings took a hit as JPMorgan and Wells Fargo brace for a deep recession; Bennington and Harrison said that uncertainty will come in Q3