Marathon CEO Richards on Fed Pivot, Defaults and Bonds

The transcript discusses the Federal Reserve's interest rate hikes and their impact on inflation, housing, and the broader economy. It predicts a recession and a decline in corporate earnings, leading to a default cycle. The speaker outlines investment strategies to navigate these changes, emphasizing a shift from equities to bonds. The potential for a 'golden era' for credit investing is highlighted, along with the risks of higher Fed rates and the possibility of no recession.

According to the speaker, what is the expected default rate for corporate credits in the upcoming year?

What strategies is the speaker employing in response to the anticipated economic conditions?

What does the speaker predict about the equity market in relation to the bond market?