ALO29: What Every Investor Should Know About Valuations ft. David Giroux

Leveraged loans combined with treasuries create a solid strategy for navigating today’s fixed income market. These two asset classes work like a peanut butter and jelly sandwich, balancing each other out—leveraged loans shine when interest rates rise, while treasuries thrive when rates drop. In our chat today with David Giroux, portfolio manager at T. Rowe Price, we dive into how this mix helps manage risk and enhance returns in uncertain market conditions. Giroux shares his insights on the current investment landscape, emphasizing the importance of evaluating management quality and capital allocation strategies. Join us as we unpack these ideas and explore what they mean for the future of investing.

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Episode TimeStamps:

02:20 - Introduction to David Giroux and T. Rowe Price

09:00 - Are mostly sectors overvalued?

11:43 - What has driven the change in valuations?

13:48 - How Giroux determines how much risk to allocate in markets

18:19 - The outlook for equity returns and Giroux stance on AI

21:42 - The relationship between market meltdowns and interest rates

23:29 - Giroux's outlook for inflation

28:32 - How Giroux uses his past experience to predict markets

31:37 - How Giroux constructs stock portfolios

35:35 -...