2026 Outlook
The point of this note I’m using 2026 to compound restructuring judgment: pattern recognition, cleaner thinking, and better outputs. What I’m watching Liquidity tightening / refinancing walls Covenant pressure and amendments as early-warning signals Working-capital stress in specific sectors What I’m studying Landmark restructurings (case notes, filings, post-mortems) Negotiation tactics in multi-lender environments What I’m building A public library of short restructuring notes Practical templates and checklists (sanitized and generalized) What would change my mind Evidence that credit conditions are loosening materially Sector signals that contradict the stress thesis