BlackRock's Wei Li Says We're Not in a Lehman Moment

The transcript discusses investment strategies in the context of current market conditions, focusing on investment grade credit and liquidity challenges. It highlights the impact of liquidity withdrawal on markets, the potential for disorderly market events, and the importance of prudent risk positioning. The discussion also covers the likelihood of a recession driven by central bank actions and the contained expectations for defaults compared to market pricing.

What is the current preference in investment strategy amidst worsening liquidity conditions?

• High-risk equities

• Cryptocurrencies

• Short-dated government bonds

• Long-dated government bonds

Why is it important to stay invested in the market despite potential disorderly conditions?

• To increase liquidity

• To follow the trend

• To benefit from potential bear market rallies

• To avoid any losses

What is the current investment preference between credit and equities?

• Equities over credit

• Both equally

• Credit over equities

• Neither

How does the current economic situation differ from the global financial crisis?

• It is driven by a technology bubble

• It is driven by a balance sheet recession

• It is driven by central bank tightening to fight supply-driven inflation

• It is driven by a housing market collapse

What is the expectation for defaults in the current market scenario?

• Defaults are expected to be widespread

• Defaults are expected to be more contained

• Defaults are expected to be unpredictable

• Defaults are expected to be non-existent