JPM's Berro: Oversold Markets Can Stay Oversold

The transcript discusses the current state of global markets, focusing on the rise in yields and central bank policies. It highlights the Fed's potential actions to control inflation and the resilience of the US economy. The analysis covers the credit market, noting the value in high yield and investment grade bonds despite potential rate shocks. The impact of currency fluctuations, particularly the yen, on bond markets is examined. Finally, strategies for maintaining credit exposure in a high-yield environment are discussed.

Discuss the implications of rising wages and low savings rates on consumer spending.

What strategies should investors consider in light of the current bond market conditions?