Zortix matched this thesis to Rates & bonds ETFs as the exposure the bearish case argues against, most actionable for readers who already hold them. Not a recommendation.
Underweight credit due to tight spreads, high correlation
The bearish case on credit was argued due to very tight spreads, limited payout potential, and high correlation to equities, making it an unattractive source of risk.
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The story so far
CONTESTED · 82 MENTIONS · 57 EPISODES · 22 SHOWS
14 AUG 2025 — 16 AUG 2026 · 2D AGO
44 SUPPORT · 11 CHALLENGE · 2 REPEAT · 25 MENTIONED
- THE MEMO BY HOWARD MARKS
38 EPISODES BETWEEN · 60 MENTIONS
- BARRON'S STREETWISE
- THE INSIGHT BY OAKTREE CAPITAL · 4 MENTIONS
- THE LONG VIEW
- THE ALPHA EXCHANGE · 2 MENTIONS
- THE MEB FABER SHOW
- THE INSIGHT BY OAKTREE CAPITAL · 3 MENTIONS
- THE MEB FABER SHOW
- THE INSIGHT BY OAKTREE CAPITAL
- THE MEMO BY HOWARD MARKS
- GOLDMAN SACHS EXCHANGES
- THE MEB FABER SHOW
- THE INSIGHT BY OAKTREE CAPITAL · 4 MENTIONS
- MACROVOICES
- THE LONG VIEW · 2 MENTIONS
- THE BUSINESS BREW
- THE LONG VIEW · 4 MENTIONS
- GOLDMAN SACHS EXCHANGES: THE MARKETS · 2 MENTIONS
- CAPITAL ALLOCATORS
- THE LONG VIEW
- FORWARD GUIDANCE
- GOLDMAN SACHS EXCHANGES
- THE INSIGHT BY OAKTREE CAPITAL · 2 MENTIONS
- THE MEB FABER SHOW
- AFFORD ANYTHING
- MASTERS IN BUSINESS · 2 MENTIONS
- CAPITAL ALLOCATORS · 3 MENTIONS
- THE LONG VIEW · 2 MENTIONS
- THE ALPHA EXCHANGE
- THE ALPHA EXCHANGE
- MASTERS IN BUSINESS · 2 MENTIONS
- THE ALPHA EXCHANGE
- GOLDMAN SACHS EXCHANGES: THE MARKETS
- THE ALPHA EXCHANGE
- ANIMAL SPIRITS · 2 MENTIONS
- CAPITAL ALLOCATORS
- THE ALPHA EXCHANGE · 2 MENTIONS
- MONETARY MATTERS WITH JACK FARLEY
- THOUGHTFUL MONEY
- THE LONG VIEW
- Underweight credit due to tight spreads, high correlation · THIS IDEA
11 EPISODES BETWEEN · 12 MENTIONS
- FORWARD GUIDANCE
- BLOOMBERG SURVEILLANCE
- THOUGHTFUL MONEY
- BARRON'S STREETWISE
- THE DIVIDEND CAFE
- ANIMAL SPIRITS
- EXCESS RETURNS
- THE ACQUIRERS PODCAST · 2 MENTIONS
- BLOOMBERG SURVEILLANCE
- BLOOMBERG SURVEILLANCE
- BLOOMBERG SURVEILLANCE
- BARRON'S STREETWISE · 3 MENTIONS
- CNBC FAST MONEY
- THE DIVIDEND CAFE
- BLOOMBERG SURVEILLANCE
- BLOOMBERG SURVEILLANCE
- THOUGHTFUL MONEY
HOW THE SHOWS HAVE DISCUSSED THIS THESIS OVER TIME · NOT A PERFORMANCE RECORD