LC Investment Playbook Weekly Update - 9 June 2023

‍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 ‍

‍LC Views

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