David Rosenberg argues that December 2018 was different from current market conditions because it saw 20% declines in a month (vertical down), corporate bond market closure, and risk-off across the board, whereas 2022's declines were spread across 12 months, and there's no comparison between the two
causalpending
Speaker
David RosenbergEvidence Quote
“we're down 20% in a month back in December 2018. Like it was vertical down. And and the and the corporate bond market, the high-yield market was closed. Deals were being pulled.”
Source
DoubleLine Round Table Prime, 2023 - Part 1: Macroeconomic State of Play 1-4-23— DoubleLine CapitalCreated: 8/11/2026, 1:33:48 AM
My Notes
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