Where Are the Opportunities in Global Credit Markets?

The video discusses strategies for defensive positioning in late credit cycle stages, focusing on identifying credit sectors in different stages of the cycle. It highlights the US mortgage sector as being in an early stage, while corporate credit is in a later stage. The video outlines four investment strategies: focusing on mortgage credit, upgrading quality, using safe haven bonds, and shorting spreads. It also covers global portfolio considerations, including US and European mortgage credit, and addresses recession risks due to unprecedented market conditions and potential Fed actions.

What sectors are highlighted as being in different stages of the credit cycle?

What concerns are raised regarding the Federal Reserve's actions?