Growth Outlook `Still Very Positive,' JPMorgan Asset Management Says

The video discusses the current state of credit markets, highlighting the positive growth outlook despite concerns about the delta variant. It examines the low default rates and rapid transition from early to mid-market cycle, driven by unprecedented fiscal and monetary support. The discussion also covers corporate debt management, with companies focusing on reducing leverage using excess cash and strong earnings.

What are the implications of companies using excess cash to pay down debt instead of investing in capital expenditures?

In what ways are earnings expected to impact debt levels for companies in the near future?