The Big Picture by John Fekete: We’re Not Out of the Woods Yet, But Time to Step Back In

July 2022 – John Fekete, Crescent Capital’s Head of Tradeable Credit, discusses the state of the U.S. economy and the outlook for debt markets.

Investors have faced nothing but headwinds in 2022, including Russia’s invasion of Ukraine, record levels of inflation, supply chain disruptions and ever-higher oil prices. These developments triggered major losses across asset classes, with double-digit concurrent declines in equity and fixed income markets not seen in a generation. Many investors are looking for an entry point to get back into U.S. high yield and corporate debt.

Read the full commentary here.