Apollo's Zelter on Q2, Credit Strategy, Carvana Deal

The video discusses recent developments in the bond market and the US downgrade, highlighting the global rise in capital costs and its impact on businesses. Jim shares insights on financial conditions tightening, especially in the US and Europe, and how his company is adapting. The discussion shifts to consumer credit trends and the company's cautious approach. Jim also elaborates on investment strategies in companies like Karvana and Yellow, focusing on deleveraging and equity balance.

How did Jim and his team respond to the US downgrade in the bond market?

What are the implications of a higher cost of capital on companies in the bond market?

What factors contribute to the tightening of financial conditions according to Jim?

Discuss the potential impact of consumer pressures on the financial market in the next 6 to 12 months.

What was the rationale behind the deal with Karvana as described by Jim?

How does Jim view the future of companies with healthy upward trajectory opportunities?

What challenges does Yellow face according to Jim, and what is being done to address them?