Palmer Square BDC Q2 2026 slides: income dips but credit stays strong

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Shri Thanedar lost the Michigan Democratic primary to Donavan McKinney. McKinney secured victory with support from the party’s progressive wing. Thanedar acknowledged the socialist movement’s influence on the election outcome. His defeat may reduce Indian-American representation in the House. Thanedar expressed gratitude for his service and plans to remain active.

Jim Cramer said the latest market rotation has created attractive buying opportunities as institutional selling dragged down quality stocks. He highlighted PepsiCo, Starbucks, Constellation Brands, TJX Companies and Johnson & Johnson as potential picks despite recent market weakness.