In today’s episode, MUFG Head of U.S. Macro Strategy George Goncalves recaps his latest Macro2Markets Monthly report and goes over how macro narratives are evolving and how markets are adjusting to competing themes. George believes that rate risks are in the process of taking a back seat to coming credit concerns where the cross roads of high inflation and slowing growth may result in a challenging environment for Corporate America, especially firms dependent on low rates and fast economic activity. George views the rebound in risk assets as markets adjusting from oversold conditions, and that more downside risks remain for 2022.
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