PJT CEO Taubman Says M&A Pace Picking Up, 'Can't Get Worse'

The transcript discusses the current state of market activity, noting that levels are at lows not seen in over a decade. It compares current M&A volumes to those during the global financial crisis, suggesting that improvement is inevitable. The procyclical nature of M&A is highlighted, with transaction activity leading to more activity due to competitive pressures and FOMO. The speaker predicts a sharp market inflection by the end of the year, given the nearly ripe conditions.

How does the speaker view the potential for market activity to improve in the near future?

What conditions does the speaker believe are necessary for a sharp inflection in market activity?