In this week's episode, Ather Bajwa, Managing Director of Multi-Strategy Research, joins us to deliver a masterclass in private credit – what it is, why it’s important, and what to consider before investing. We also unpack new surveys and reports across a variety of topics including unemployment, inflation, and volatility. As usual, we look at where the markets are in light of the global and national news of the day, such as increasing conflict in the Middle East and the upcoming Federal Open Market Committee (FOMC) meeting.
Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
Stephen Hoedt, Head of Equities
Ather Bajwa, Managing Director of Multi-Strategy Research
00:23 – The PGA U.S. Open tries to provide a bright spot during a week of somber news from around the globe, including the passing of Beach Boys’ keyboardist Brian Wilson.
01:50 – Initial weekly unemployment claims remain stable from the previous week.
02:18 – The Consumer Price Index shows mixed stories amid persistent inflation; the Federal Reserve’s target of 2% stays elusive.
03:23 – The Fed is unlikely to cut interest rates at next week’s FOMC meeting.
05:06 – Escalating tensions in the Middle East have a negligible downside effect on a stock marketing experiencing all-time highs.
07:33 – A University of Michigan survey of consumers and an American Association of Individual Investors survey indicate an overall improving attitude toward the economy, despite an uptick in the CBOE Volatility Index (VIX).
10:59 – An introductory overview of the trending private credit market.
15:02 – Why private credit is becoming increasingly popular, and what changes we’re seeing in the quality of participants.
17:35 – The advantages and considerations of private credit, and what to consider before making this investment.
Additional Resources
Key Questions | Key Private Bank
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