Bruce Richards 'Slightly Bearish' Stocks, Bullish Credit

The video discusses the economic challenges affecting employment, with companies cutting jobs and costs. It analyzes the equity market, predicting a slight decrease in earnings and increased volatility. The speaker is slightly bearish on equities but bullish on credit, highlighting opportunities in credit and duration risk, particularly in floating rate loans and high yield portfolios.

What are the implications of companies cutting jobs on the equity market?

How do earnings expectations for S&P 500 companies reflect market sentiment?

What historical data can be used to predict equity volatility during recessionary years?

Discuss the potential risks and rewards of investing in floating rate loans.

In what ways have credit markets changed compared to equity markets recently?