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Our updated thoughts on the Market
Episode 23
Published 2 years, 3 months ago
Description
In this week’s episode, hear Andrzej Skiba explain how expectations need to be reset after the rally to end 2023, but that opportunities abound.
Summary points:
- The sharp market rally has investors rethinking future return expectations. Significant rate cuts are priced in.
- When assessing market projections for early rate cuts, we see room for disappointment.
- On average, Investment Grade, High Yield and MBS spreads look uninspiring.
- We see plenty of opportunities to generate alpha in attractively-priced opportunities and dislocated idiosyncratic credit stories.