Resetting Tech Market Expectations for 2024
As 2024 begins, tech dealmaking continues to recover gradually – a trend that may endure for months or potentially longer – but be ready for it to shift suddenly.
The Delicate Pact Between Consumers and Corporates & Victory Cuts
Chief Market Strategist David Zervos says the most recent FOMC meeting, and resulting Fed commentary, suggests that the risk of overtightening is in balance with the risk of being too accommodative.
Dealmaking in the Current Rate Environment: Insights from Centerbridge’s Ben Langworthy
At Tech Trek 2023, Ben Langworthy dives deep into current dealmaking trends, economic resilience, and effective investment strategies in turbulent markets.
Graying of America Explains Labor Market Tightness; Recession Likely On Tap for Early ‘24
David Zervos is skeptical the Fed will be able to quickly declare victory over inflation and expects that a solid economic outlook should translate to a more restrictive Fed, for a longer duration.
Convertible Debt: Low-Cost Debt Capital in a High Interest Rate Environment
The convertible debt new issue market in 2023 has been frequented by companies seeking a lower cash interest alternative to what is being offered in the high yield and investment grade debt markets.
Specialty Finance in 2023: Positive Momentum Amid Economic Flux
Specialty finance companies experienced positive momentum during the second quarter and summer of 2023. Sustained demand for credit from both consumers and alternative funding, along with some encouraging macroeconomic trends, drove continued growth.
Using High Yield to Refinance Existing Debt
Amid rate volatility, issuers and sponsors are leveraging rising demand and liquidity in the High Yield space to refinance near-term loan maturities.
Upside for Rates Likely Capped as Economic Data Softens in the Fall
Jefferies economists take the temperature of the US economy, offering predictions on rate hikes, the labor market, and slowing inflation.