The Prof G Pod with Scott Galloway The Credit Markets, Interest Rates, and Market Sentiment — with John Zito
Jun 16, 2022
John Zito, Partner and Deputy CIO of Credit at Apollo Global Management, shares his insights on the credit markets and investment opportunities. He discusses the impact of rising interest rates on growth companies and the shifting dynamics in financing. Privacy in a tech-driven world is also explored, particularly how brands like Apple manage user trust. Zito offers strategies for navigating economic turbulence and emphasizes the importance of gratitude in overcoming imposter syndrome. Tune in for a blend of finance and personal growth!
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Passwordless Future
- Apple is leading the move toward passwordless logins with Passkeys, using biometrics.
- This offers convenience and security, aligning with the FIDO Alliance's goals.
NASDAQ decline
- The NASDAQ's 30% drop hides the fact that the median stock is down over 70%.
- This is due to rising interest rates impacting growth companies dependent on future cash flows.
Bond Yields
- Current low double B bond yields compared to treasury bonds are unprecedented.
- This is due to many bonds being issued with low coupons before the recent interest rate hikes.