Investor Larry McDonald advises against assuming that things have improved.
In part because "there is $50 trillion more in world debt today than there was in 2018,
McDonald, founder of The Bear Traps Report and author of "A Colossal Failure of Common Sense," which documented the collapse of Lehman Brothers in 2008.
Anticipates further volatility in the bond market.
Both the stock market and the bond market have declined this year.
But due to the inverse link between interest rates (yields) and bond prices, bond investors have fared worse under the rise in interest rates.