Canyon's Friedman Says He's Started Investing in PG&E

The video discusses market trends and predictions for 2019, comparing current market fragility to past events like 2008. It analyzes bank debt versus high yield market dynamics and explores investment strategies and opportunities. Specific companies such as PG&E, GE, and Sears are examined for investment potential. The discussion also covers covenant-lite debt and the importance of maintaining a cash position in volatile markets.

What challenges did the speaker mention regarding high yield bonds?

What is the speaker's perspective on the current situation of PG and E?

How does the speaker view the debt situation of GE?