Summary
Jelena Kojic updates economic indicators in the context of the cycle. Key late-cycle credit signals: crypto exchanges turning to derivatives to lure leveraged investors; Robinhood making margin trading easier in the UK; first-time home buyers targeted with low deposit mortgages in the UK — all right on time.
Key Claims
- Crypto exchanges shifting to derivatives with leveraged bets is a late-cycle credit indicator. — confidence: high
- Robinhood expanding margin trading to UK is a late-cycle credit signal. — confidence: high
- First-time buyer low deposit mortgage products in the UK appearing right on time (late cycle). — confidence: high