‘Hint: Sell This’ – Goldman Reveals What To Do In A Junk Rout

We've marveled month after month at the resiliency of credit markets and indeed, at least a couple of strategists we've spoken to have said we are precisely correct in asserting that when it comes to bulletproof asset classes, credit takes the proverbial cake. Recall this hilarious title from a Deutsche Bank note out earlier this year: Of course the reason you're seeing a continued grind towards post-crisis tights in IG and HY is that central banks are simply creating artificial demand by en