So 2023 how much volatility in bonds I Mean I feel like this is the the year of Fixed income to you know the good or the Bad side no I still think it's a year of Fixed income so I do think bonds are Back yields are higher often negative Zero rates these are all very positive Uh items for sure but there's still a Lot of work to do and volatility will Will be here for a while but we're Coming off of a much higher yield level So it covers a lot more mistakes so Greg What are you buying right now if you put If you look at your ideal portfolio Let's say two months from now and then Longer term to the end of the year is it Different it is so I think it's too Early to go deep in Risk deep cyclical Type of Investments uh we see a lot of Value and structure products we see a Lot of value actually in the front end You're getting a lot of carry so we Think it's a market to take what's given To you and there's a lot being given and So it's not a place to go into Triple C's levered loans all these types of Areas it's a much safer environment for Bonds and we're just taking the carry Enroll Um is there I don't know how you look at The inverted deal curve I have one at Least one or two viewers every day that Send me a good chart on this like what Do you think it shows us well what it
Shows me is that something needs to be Reconciled this year and I think that's The the source of volatility you can't Have an inverted yield curve and expect Risk assets to do well so what I worry About in terms of 2023 is actually we Achieve this soft landing and the curve Starts to normalize and that's the Catalyst for the Slowdown because There's so much borrowing off the Intermediate the back end of the curve That that could actually be the hit to Consumers that could be the hit to Corporations ultimately so if Bears Watching no pun intended
