Credit markets were mixed last month. High yield built on its July rally in the first half of the month before surrendering those gains, ending August down -2.83%. Floating rate senior secured loans ended August up 1.54%.

While the economic environment is unclear, we believe we can glean valuable insights about credit markets from implied market default rates.

As policymakers reset rate expectations, this week’s chart looks at falling performance across the U.S. and Global Agg Indexes.

While today’s challenging environment has taken its toll on stocks, economic trends could lend support for beaten down SMID stocks.

FS Investments recently announced the creation of a multiyear scholarship and internship program in partnership with the Community College of Philadelphia (CCP).

A new strategy note from Chief Market Strategist Troy Gayeski

FS Chiron Funds CIO Ryan Caldwell is joined by Chief U.S. Economist Lara Rhame to analyze the many macroeconomic uncertainties that lie ahead.