LC Investment Playbook Weekly Update

‍Charts of the Week

• Valuations are Overall Expensive
• Dual Track, Bifurcated Economy
• Lead Indicators Suggest 3% Inflation By Year-End
• Global GDP To Remain Soft In 2024
• US HY Leverage status (1Q23)
• US & Euro HY Default rates
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‍LC Views

• A summary of our team's views on Rates, Credit, Equities, Currencies, Commodities and Real Estate.