Iain Stealey

In this insightful discussion, Ashwin Palta, Global High Yield Portfolio Manager at BNY, and Iain Stealey, International CIO at J.P. Morgan, explore the intricate world of credit amidst tightening conditions. They debate strategy shifts towards high-quality high yield versus investment grade bonds. Iain highlights the dovish Fed outlook and the implications for fixed income, while Ashwin discusses low default expectations and potential M&A activities. The duo also analyzes risks from inflation and shifting market dynamics, offering valuable insights for navigating 2026.

Alexis Crow, Partner and Chief Economist at PwC US, discusses the shift in the U.S. economy from a K-shape to a 'Pac-Man' pattern, where top incomes rise while the bottom 50% stagnates. She emphasizes the role of AI in addressing skill shortages and boosting productivity, albeit with delayed effects. Iain Stealey, International CIO for Fixed Income at JPMorgan, highlights opportunities in UK bonds amid inflation and previews a carry-rich environment in fixed income, while also noting the potential in European peripheral debts.

Iain Stealey, International CIO of Global Fixed Income at JPMorgan Asset Management, shares his insights on the strength of credit markets amidst global challenges. He discusses how credit outperformed equities during crises in France and the UK, emphasizing its resilience against economic fluctuations. The conversation delves into the impact of US Fed policies, inflation concerns, and Europe's fiscal pressures. Stealey also highlights investment strategies in fixed income sectors, providing a hopeful outlook for corporate credit amidst turbulence.