Time To Be Contrarian? Insights on Asset Allocation and High Yield
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Concerns about recession and inflation have battered markets in 2022. At the same time,
the Federal Reserve has raised rates aggressively into slowing economic growth, increasing
the odds of a U.S. recession in 2023. Against this backdrop, our panel evaluates what have
been historically recession-predictive markets for high yield debt and bank loans, as well as
provide perspective on why our multi-asset team believes “this time is different” for adding
risk.