#099 Peter Cecchini: 3 Reasons Why We're Headed Toward Recession
The Julia La Roche Show · Julia La Roche
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Show Notes
Market strategist Peter Cecchini, director of research at Axonic Capital, a hedge fund with $4.5 billion in AUM, joins Julia on episode 99 to explain why the U.S. economy is likely headed toward recession. In this episode, Cecchini shares the three reasons why he’s taking a cautious stance and why it’s a matter of “when” rather than “if” we’ll see a recession.
Links:
https://www.axoniccap.com/
https://www.linkedin.com/in/petercecchini/
0:00 Intro
0:57 Macro picture/ remaining in the recession camp
2:29 3 reasons why we’re headed toward recession
4:19 American consumer
5:31 Equity markets
8:34 Credit markets 12:06 CMBS, the beginnings of a repricing
15:43 Vulnerabilities
18:08 Zombie companies
22:37 Fed outlook
26:00 How Cecchini got ahead of inflation
27:50 Long and variable lags question