草莓流氓视频

Erin Lyons: Global Head of Business Strategy, 草莓流氓视频

Chris Snow, CFA: Global Head of Research, 草莓流氓视频

Winnie Cisar: Global Head of Strategy, 草莓流氓视频

Zachary Griffiths, CFA: Head of IG & Macro Strategy, 草莓流氓视频

• With cash locked up at the front-end, duration proving painful to portfolios and investors (still) waiting for a recession, corporate credit posted another year of mixed performance in 2023.

• The U.S. Strategy team will provide their outlook for the U.S. IG and crossover markets in 2024, informed by lessons learned in recent years, expectations for the Fed, and economic forecasts. Topics include the current and future state of corporate balance sheets, the outlook for demand from retail, institutional and global investors, and top investment recommendations to start the year.

Chris Snow, CFA: Global Head of Research, 草莓流氓视频

Andy DeVries, CFA: Head of Investment Grade & Utilities, 草莓流氓视频

Zachary Griffiths, CFA: Head of IG & Macro Strategy, 草莓流氓视频

Pat Luby: Head of Municipal Strategy, 草莓流氓视频

• The 2024 election cycle has implications for Biden鈥檚 signature Inflation Reduction Act and the clean energy economy.

• A world of higher rates brings U.S. fiscal health to the fore as a potential campaign issue and ultimately as a key input to policy in the next legislative cycle.

• The Tax Cut and Jobs Act has several expiring features in 2025, which has implications for the economy and for investors in Muni Credit.

Jesse Rosenthal: Head of Banks, 草莓流氓视频

Simon Adamson: Head of Financials, 草莓流氓视频

Josh Esterov, CFA: Head of Insurance, 草莓流氓视频

Peter Simon, CFA: Head of Brokers and Regional Banks, 草莓流氓视频

The fastest rate hiking cycle in generations spotlighted the embedded interest rate risk (and opportunity) across Global Financials, even as credit risk remains salient amid the recession watch. We go across the rate and credit-sensitive financials sectors to assess both the current and go-forward environment for banks and insurance investors, touching on topics ranging from Commercial Real Estate to the all-important rate backdrop.

Winnie Cisar: Global Head of Strategy, 草莓流氓视频

Megan Neuburger: Managing Director – Head of U.S. & Canada Corporate Ratings, Fitch Ratings

Maureen O’Connor: Global Head of High Grade Debt Syndicate, Wells Fargo

Rich Testa: Head of IG Finance, MUFG

• As issuers across the rating spectrum face materially higher borrowing costs and maturities pile up, the primary market should provide good opportunities to deploy capital at meaningfully higher yields in 2024.

• Topics include expectations for new issue supply from capital markets and syndicate teams, the outlook for discretionary issuance, and the potential for a rise in M&A as corporates adjust to the 鈥榟igher for longer鈥� regime.

Kai Gilkes, Ph. D.: Head of Quantitative Strategy, 草莓流氓视频

After a modest increase in default rates in 2023 that was driven largely by idiosyncratic events, what will the trajectory of default rates look like in 2024? We use Risk 草莓流氓视频 2.0, our newly launched platform for default risk and credit quality assessment, to help predict the evolution of default rates over the next 12 to 18 months.

Eric Axon, CFA: Co-Head of High Yield, 草莓流氓视频

James Dunn: Head of Consumer Goods, Leisure, 草莓流氓视频

Chas Johnston, CFA: Head of Energy, 草莓流氓视频

Roger King: Head of Airlines, 草莓流氓视频

Wen Li, CFA: Head of Metals & Mining, 草莓流氓视频

• We detail our best trade ideas across the IG/HY crossover space, with key contributions from energy, leisure, consumer, airlines, and metals & mining.

• Trade topics include rising star candidates, best ideas in core HY, and cuspy BBBs where downgrades can be avoided.

Davis Hebert, CFA: Head of Telecom/Media, 草莓流氓视频

Jordan Chalfin, CFA: Head of Technology, 草莓流氓视频

Andy Li, CFA: Senior Analyst, Technology, 草莓流氓视频

Hunter Martin, CFA: Head of Media/Cable, 草莓流氓视频

Erick Vega, CFA: Senior Analyst, Telecom Infrastructure, 草莓流氓视频

• This panel will focus on the “killer app” of generative AI and how investors should position for massive ramp in computing power and data intensity for the better part of this decade.

• Our well-rounded TMT team will focus on winners and losers across a variety of sectors, including data centers, hardware, chips, equipment, service providers, and media companies.

Matt Woodruff, CFA: Head of Aerospace & Defense/ Transports, 草莓流氓视频

Andrew Brady: Head of Chemicals, 草莓流氓视频

Lauren Holland: Head of Paper & Packaging, 草莓流氓视频

Chas Johnston, CFA: Head of Energy, 草莓流氓视频

Wen Li, CFA: Head of Metals & Mining, 颁谤别诲颈迟厂颈驳丑迟蝉听

• Manufacturing sectors have suffered through weak demand and dysfunctional supply chains. Our analysts will provide insights on their sectors and credit picks into 2024.
• Sectors discussed will include Energy, Chemicals, Metals & Mining, Paper & Packaging, Aerospace & Defense, and Transportation.

James Goldstein, CFA: Head of Retail, 草莓流氓视频

David Bussey, CFA: Senior Analyst, Leisure, 草莓流氓视频

James Dunn: Head of Consumer Goods, Leisure, 草莓流氓视频

Todd Duvick, CFA: Head of Autos, 草莓流氓视频

• Looking For the Cracks: A relatively robust landscape for consumer spending is not without pockets of weakness. What鈥檚 in store for 2024?

• Does the Music Ever Stop? 2023 has seen extremely robust leisure and entertainment demand. Is Taylor Swift a secret stimulative fiscal policy tool? Are we structurally in a 鈥渓eisure-for-life鈥� world? Where does the goods vs. services mix ultimately shake out?

• Inflation/Affordability: Rising cost pressure on non-discretionary goods is altering consumer behavior towards more value seeking behavior. On more discretionary/big ticket items, rapidly rising consumer financing costs bring additional pressure鈥� EVs are an interesting case study.

• That鈥檒l Cost You: Some relief on commodity costs, but labor cost growth persists, and it increasingly feels like 鈥淵ear of the Union鈥� with successes at UAW, Longshore, Rails, Culinary Union, etc. along with big wins for minimum wage advocates (CA fast food, etc.). How do corporates navigate rising labor costs?

• How to Play It?聽Picking the winners/losers in credits.

Matt Zloto: Global Head of Leveraged Finance, 草莓流氓视频

We provide an update on the new developments at 草莓流氓视频 and a roadmap for our LevFin products.

Kerry Kantin: U.S. Bureau Chief, LevFin Insights

Jeff Fritsche: Managing Director – Leveraged Finance Capital Markets, Bank of America

Wayne Hosang: Managing Director & Portfolio Manager, Crescent Capital

Frank Ossino: Senior Managing Director, Newfleet Asset Management

Jessica Reiss, J.D.: Head of U.S. Loans Research, Covenant Review

Will 2024 provide a recovery in new-issue supply following a lackluster 2023? We鈥檒l discuss topical issues such as maturity walls, M&A activity, and relative value.

Andrew Hedlund: Managing Editor, LevFin Insights

Emily Knickel: Managing Director – Head of Principal Investing, Barclays

Logan Nicholson: Managing Director, Portfolio Manager – Diversified Direct Lending, Blue Owl Capital

Ian Walker, J.D.: Head of Legal Innovation, Covenant Review

Jim Wolf: Managing Director, Co-Head of Private Credit, Brigade Capital Management

Private credit continues to grow and steal market share from banks, particularly in new refinancings. What does this mean for below-investment grade capital markets as a whole, and what are the opportunities and risks presented by the explosive growth within the asset class?

Davis Hebert, CFA: Head of Telecom/Media, 草莓流氓视频

Anthony Canale, J.D.: Global Head of Research, Covenant Review

It has been a tough year for Telecom. We discuss key developments and our outlook for the sector and select credits.

Matt Zloto: Global Head of Leveraged Finance, 草莓流氓视频

Hon. James M. Peck: Former U.S. Bankruptcy Judge, SDNY: Chair of Cross-Border and Mediation Practices, Morrison & Foerster LLP

Paul Sheaffer: Partner in the Restructuring and Special Situations Group, PJT Partners

Ty Wallach: Managing Director & Chief Investment Officer of Credit, Atlas Merchant Capital

Our panel will discuss their observations on and outlook for Liability Management, out of court workouts, and bankruptcy as we head into 2024.