The median investment value of American households reached a record $350 thousand. Stocks, funds and pension accounts have become the main source of wealth growth, but the high concentration of capital in the market makes the economy more sensitive to a possible correction.

Small US companies have suddenly stepped up their hiring plans. In July, the NFIB index posted its largest monthly gain on record, which could be an early signal of an improving labor market in the coming months.

The US private lending market is facing an increase in non-performing loans. The share of non-performing loans at the largest BDCs has reached its highest level since 2017, and high rates are starting to put more pressure on borrowers. Why private credit is becoming one of the main risk areas for the financial system.