Shifting Views on US Exceptionalism

Global portfolio managers are seeking debt investment alternatives in China and Europe amid mounting volatility in America, according to CreditSights. “The US seems to be sneezing an awful lot lately and the rest of the world is saying, ‘Well how do we mask up and try to defend ourselves against this?” said Winnie Cisar, the firm’s global head of strategy. “If US exceptionalism is not on the table, then we’re going to have to go other places to look for opportunity,” Cisar tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Matthew Geudtner in the latest Credit Edge podcast. Cisar and Geudtner also discuss the impact on US borrowers of trade wars, the growing risk of stagflation and opportunities in the industrial sector, including Boeing bonds.

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