Credit Investors Need to Be More Defensive, Selective: Pimco's Kiesel

The video discusses the current state of corporate credit markets, highlighting the US bond market as a relatively positive option. However, it warns of increasing credit risks due to high corporate debt and a slowing global economy. The discussion emphasizes the need for cautious and defensive investment strategies, given the limitations of monetary policy and the unlikely pivot to fiscal policy. PIMCO's investment approach is highlighted, focusing on non-agency mortgages, the US housing market, and REITs, while maintaining a defensive bias in light of economic uncertainties.

What specific sectors does the speaker express a constructive outlook on?

What is the speaker's perspective on the impact of the trade war with China?