Leveraged Loans Wobble to Close Out 2018

The transcript discusses the impact of Treasury market crowding out other asset classes, particularly in terms of liquidity and bond market scope. It highlights the trends in leveraged loans, noting significant outflows from ETFs and questioning the sustainability of current spreads. The conversation shifts to cash returns, with a focus on the Federal Reserve's role and market adjustments. Finally, the transcript examines market fundamentals, emphasizing the importance of perception and the potential for overshooting in market reactions.

What trends are expected in corporate earnings and defaults for the upcoming year?

How do perceptions of risk influence investor behavior in the current market?

What seasonal behaviors in the market could stabilize conditions after the year-end?