Fed Less Than Halfway Through Hikes: JPMorgan's Michele

The video discusses the Federal Reserve's rate hikes, analyzing their impact on the market and credit sectors. It highlights the debate over high yield bonds, default rates, and the potential for a recession. The speaker suggests waiting for a recession to take advantage of market repricing, emphasizing patience in investment strategies.

What is the reasonable spread level for recession according to the speaker?

What is the speaker's perspective on the market's impatience regarding repricing?