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 does the speaker suggest about the current liquidity conditions and their impact on risk positioning?

According to the text, what is the expectation for defaults in the current market environment?