BlackRock's Koesterich Says He's Cutting Junk-Bond Holdings

The video discusses the shift in market dynamics due to inflation and increased volatility, highlighting the negative impact on credit. It explores the current state of the credit market, noting that volatility appears more expensive than expected. The discussion includes strategies for adjusting credit allocations, emphasizing a move towards higher quality investments and a combination of equities and duration to mitigate risk.

What strategy is being employed regarding credit allocation in the current market?

What does the speaker suggest about the relationship between equities and credit in the current environment?