Alpha Exchange cover image

Jonathan Golub, Chief U.S. Equity Strategist & Head of Quantitative Research, Credit Suisse

Alpha Exchange

CHAPTER

How Much Do You Think the Fed's Doing Right Now?

I don't see what the Fed's doing right now as particularly threatening. I would argue that credit spreads, I actually think that they're going to come down a little bit because it doesn't look like recession risk is that high? So when you look at the P multiple of the stock market compared to a corporate bond yield, it looks pretty close to fair value. And if we look at other periods where corporate borrowing rates were where we are today, the multiples have been in this general zip code.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner