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Feb 12, 2026
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LONG
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"We continue to characterize the job market as a low hire, low fire one... fragile... We're finding high quality credit... and then we like to hedge... owning some duration." The economy is not overheating, it is stalling at a high level. In this environment, you want yield (Credit) but you need protection against a sudden labor market crack (Treasuries/Duration). Long Barbell Strategy (Credit + Duration). Inflation re-accelerates, forcing yields higher and hurting both bonds and credit spreads. |
Bloomberg Markets
Stocks Climb; Nuveen to Buy Schroders; Anthro...
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