KKR's McVey Says the Market Has Over Corrected

The video discusses market predictions and changes for 2019, highlighting shifts from monetary to fiscal policy and the resulting market volatility. It explores investment strategies, particularly in asset allocation and credit, and provides economic forecasts for GDP growth and market conditions. The analysis of credit markets emphasizes the importance of being selective in investments, especially in high yield and leveraged loans.

What is the primary shift in policy discussed in the first section?

• From fiscal to trade policy

• From fiscal to monetary policy

• From monetary to fiscal policy

• From trade to monetary policy

In the context of asset allocation, what is emphasized as crucial for investors?

• Sticking to traditional investment vehicles

• Being flexible and adaptive

• Avoiding public equities

• Focusing solely on high-yield bonds

What is the projected GDP growth by the fourth quarter according to the third section?

• 3% to 4%

• 2% to 3%

• 1% to 1.5%

• 0% to 0.5%

What is the market's reaction to the potential recession as discussed in the third section?

• The market is unaffected

• The market has overcorrected

• The market is stable

• The market is underestimating growth

Which credit market is highlighted as having shrinking supply?

• Chinese debt market

• Investment grade market

• High yield market

• Direct lending market

What is a key concern in the direct lending market?

• Low demand for loans

• High interest rates

• Excessive control by managers

• Lack of control by managers

What is the strategic approach to credit portfolios in a changing economic environment?

• Differentiating between various credit instruments

• Focusing on a single credit instrument

• Avoiding all credit investments

• Investing only in high-yield bonds