PDI Picks – 7/18/2022

Positive thoughts amid volatility


Recession may be looming but, in the private debt market, confidence remains high.

The worst is yet to come. That’s the not entirely reassuring message from an LCD survey, which found that, when polled last month, 56 percent of respondents said peak market volatility still lies ahead. This represented a sharp rise from the figure of 35 percent recorded in the first quarter. The same survey found more than half of respondents believed there was at least a 75 percent chance of recession in the US in the next year – compared with just 9 percent putting the chance that high in the first quarter.