The US credit traders have an uncann6 ability to understand dangers way before stock trader as they play in the insto market and real research data…not the retail ‘rubbish’. Credit lost over 2% (loss=outflows) since January and in August there has been the biggest sell off since 2013, over usd 1.3 billion.
If it the US auto loan market (similar to pre 2008 conditions) or other I do not know.
But listen!