Why Energy Is the Big Story in the High-Yield Market

The video discusses the significant impact of energy, particularly oil, on high yield markets. It highlights the correlation between commodity prices and market movements, emphasizing the high default rates in the energy sector compared to non-commodity sectors. The discussion also covers the low recovery rates and the strategic shift towards safer investments. Recommendations include selling high yield at current levels and focusing on investment-grade paper and leveraged loans.

What has been the trend in CEO and CFO investments according to the speaker?

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What investment strategy does the speaker suggest for clients in the current market?

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