Being active in high yield doesn’t necessarily mean taking on more risk. But risk management isn't all about reducing risk either. How should investors strike this balance?
After the sharp equity rally over the past four months, what could possibly drive another leg up? For me, the missing ingredient has been the lack of any upward re-pricing of growth.
The trade war has clearly disrupted trade flows, but better growth and positive signs of a deal might mean the Fed has overdone its dovish pivot.