I don't understand why you wouldn't be bearish, there are too many negative catalysts that could take spreads meaningfully higher. Michael Contopoulos More Quotes by Michael Contopoulos More Quotes From Michael Contopoulos Ebitda growth over the past five quarters has been the worst we have seen in a non-recessionary period, default rates have jumped and capital markets have been incredibly challenging, especially for low-quality issuers, i think investors should sell the strength and monetize positions that they are able to monetize at this point in time. Michael Contopoulos company-news CLO buyers continue to be out in force and retail buying for leveraged loans is starting to pick back up as we get closer to the Fed hiking. Michael Contopoulos money There’s strong demand for the leveraged loan asset class from structured vehicles as well as retail, and that’s in the context of significantly lower issuance. Michael Contopoulos money
