Global Multi-Asset Investment Strategist, True Insights

Jeroen Blokland

All-round Multi-Asset investor. Former head of a EUR 5 billion multi-asset fund range. Speaker. Charts & Frameworks. Founder of True Insights, a provider of independent investment research, trade ideas & well-diversified portfolios.
https://true-insights.net/

Global Multi-Asset Investment Strategist

The Weekly Market Monitor (23) - Fighting Sentiment?

Build Well-Diversified Multi-Asset Portfolios

True Insights

Our research helps investors build well-diversified multi-asset portfolios and profit from market developments. In addition, our unique and proven Macro – Sentiment – Valuation (MSV) investment framework ensures a consistent flow of new investment opportunities. Together with our market views, these opportunities will be reflected in our live ETF-based Global Multi-Asset Portfolios.

Macroeconomics

<ul>
<li>We anticipate that the US economy is either heading for or already in a credit crunch, which will worsen with an additional rate hike from the Federal Reserve.</li>
<li>Very tight lending standards suggest that the decline in loan growth will accelerate in the coming months and quarters.</li>
<li>The upcoming credit crunch will be accompanied by a new default cycle. Yet, high yield bond spreads refuse to reflect even the slightest possibility of this scenario.</li>
</ul>


We anticipate that the US economy is either heading for or already in a credit crunch, which will worsen with an additional rate hike from the Federal Reserve.
Very tight lending standards suggest that the decline in loan growth will accelerate in the coming months and quarters.
The upcoming credit crunch will be accompanied by a new default cycle. Yet, high yield bond spreads refuse to reflect even the slightest possibility of this scenario.


限界点？アメリカに迫る信用収縮