Fed Moves a 'Big Piece' of Selloff, Monaghan Says

The video discusses recent market volatility, comparing it to past crises like the China currency and housing crises. It analyzes the high yield market's reaction, noting a lack of dramatic change despite volatility in equities. The discussion shifts to the Federal Reserve's influence, with Jerome Powell's leadership marking a potential end to the easy money era. Concerns about central bank activities, including the Fed and ECB, are highlighted, especially regarding their impact on credit markets and economic stimulus from the tax bill.

What are the chief concerns for credit markets this year according to the discussion?

What is the significance of the tax bill mentioned in the context of the economy?