Navigating Inflation: Does Your Concern Match Your Hedge?
The opportunity cost for inflation protection is high—is it worth the cost?
Barring a deep, prolonged recession, we expect leveraged borrowers to successfully navigate the late cycle backdrop given relatively healthy fundamentals.
As we enter the new year, attention is shifting from inflation to the economy and the effects of tighter Federal Reserve policy.
For all the gloomy talk about the economy in 2023, stabilizing interest rates could be a bright spot for investors.
The opportunity cost for inflation protection is high—is it worth the cost?
Our outlook continues to be that economic recovery is in the offing and will broaden into synchronous, global expansion. Segments of the economy that were protected from the pandemic should stay in a healthy holding pattern.
EM Corporates could be a valuable source of total return, carry, and diversification.