BlackRock’s Rieder Says Credit is Not Cheap Here, Has Some More to Go

The video discusses the current state of the credit market, highlighting that credit is not cheap and may continue to face challenges. It emphasizes the difficulties high yield companies encounter in securing financing and the market's role in efficiently pricing risk. The discussion also covers the importance of identifying and avoiding investments under pressure to navigate market challenges effectively.

What is the current state of credit according to the speaker?

• Credit is cheap and easily accessible.

• Credit is expensive and may become more costly.

• Credit is stable with no expected changes.

• Credit is declining in importance.

What challenge do high-yield companies face in the current market?

• They are acquiring too many assets.

• They are expanding too rapidly.

• They struggle to secure financing.

• They have too much cash flow.

How does the speaker describe the market's job in pricing risk?

• Efficient but with limited risk transfer.

• Overly aggressive in risk transfer.

• Inefficient and biased.

• Completely ineffective.

What is the speaker's advice regarding companies under pressure?

• Focus solely on their long-term potential.

• Avoid them due to market pressure.

• Invest heavily in them.

• Ignore market signals.

What should investors consider according to the speaker?

• The proximity to the tip of the spear in risk.

• The historical performance of companies.

• The popularity of companies in the media.

• The geographical location of companies.