Replacing Equity Beta with High-Carry Credit

Trevor Slaven joins the podcast to discuss the rationale for and conclusions of his recent piece, Replacing Equity Beta with High-Carry Credit. Episode Segments: (0:00) – Intro (01:24) – The case for replacing generic equity beta with credit (04:34) – What’s true today (in markets) that wasn’t true over the last 15 years (08:38) – Assessing US equity vs. fixed income valuations (10:14) – Rapid…