After a tumultuous week in stocks (Nasdaq 100 down 10%, the S&P 500 down 9%, and the Russell 2000 down somewhere in between), it seems like a good time to get back to basics. Though it hasn’t just been a bad week – the Nasdaq 100 is down almost 15% in the past month and 17% year-to-date. Credit spreads were also starting to show signs of wear and tear – the Bloomberg Corporate bond OAS went from 93 to 109 and CDX IG went from 61 to 72. Not alarming, but worth watching. The high yield market, which has been ... Trump 2.0 – Back to Basics