CNBC- Stocks are defying gravity but investors say these triggers could spark a ‘sizeable’ correction

Lee Robinson spoke to Hugh Leask about how Altana are viewing the US stock market at the moment and the "red flags" that investors are looking out for.

Rising delinquencies in U.S. credit cards and auto loans also point to broader economic weaknesses, according to Lee Robinson, founder and CIO of Altana Wealth, which runs several credit, event-driven, crypto and special situations hedge fund strategies.

Robinson told CNBC that the recent high-profile collapses of Tricolor and First Brands in the U.S. raise deeper questions about the auto loan market. “For now, investors are brushing it off as contained damage rather than anything systemic. Spreads have widened, albeit very modestly,” Robinson said via email. “But the biggest macro takeaway from all of this is that lower-end consumers are struggling as they simply cannot afford to make car loan repayments.

“We view this as a red flag for the health of the U.S. economy.”

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