Bankruptcies are low but retail concerns are rising

Corporate bankruptcies are at their lowest levels since 2010 based on the 143 that have been filed so far this year, S&P says. But filings by consumer discretionary companies have begun to edge upward over the last three months.

Why it matters: These low levels could be upended by inflation and interest rate hikes, which respectively harm consumer confidence and make debt more expensive to service.