Outlooks

Active managers appear set to showcase risk management and credit selection as value narrows and loss mitigation becomes central.

Fundamentals have been impressively resilient in the face of higher rates and new supply, but financing costs are driving a wedge between buyers and sellers.

Momentum and optimism are both driving markets. But election-related policy uncertainty could impact investors.

Continued economic stability has fostered healthy fundamentals in most leveraged credit, but risks are accumulating in loans to lower-rated private borrowers.

Optimism is stretching markets to new heights, but inflation is proving stubborn, limiting the scope of Fed rate cuts and putting upward pressure on rates.

CRE investor sentiment seems to be perking up, even as high rates continue to challenge the market.