The fourth quarter of 2018 was challenging – markets turned bearish almost overnight and most indexes finished down for the year. But amidst the doom and gloom, there are still plenty of positives for the market, so it remains to be seen if sentiment improves or if the selloff continues.
Although many of the risks that led to the brutal fourth quarter selloff have not yet been resolved, we remain cautiously optimistic about 2019 as several key economic indicators are still positive and market dislocations like the recent correction often create very attractive buying opportunities.
In their latest outlook, the Total Return team discusses the implications of an inverted yield curve as well as why they are more optimistic about the health of the investment grade credit market than the prevailing view.
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If you wish to receive historical investment outlooks, please contact us.
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