For a bigger-picture take on the Evergrande saga, Douglas Isles from Platinum Asset is of the view that this event merely sits within China's existing and well-telegraphed reform path. While we are stuck with coupon-payment watching in the very near term, eventually those companies that are "unfairly targeted" will recover. Switching to the Fed and the market messaging, Dougles hints at a hawkish stance, suggesting that stickier inflation will mean rate rises and therefore higher yields. He concludes with his investment strategy for these interesting times, following the pack not being one of them.
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