Oaktree Capital Co-CEO: The current market's strength is puzzling, Oaktree is holding coins and waiting for opportunities.
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After the pandemic, “ample” liquidity, investors’ willingness to remain invested, and companies’ past strong performance have led the market to overlook potential economic data issues. In his view, investors generally believe that Trump will not take actions that permanently damage the economy, which further supports market resilience. “Given the Iran war and some pressures the software industry will face in the coming years, the current market strength feels a bit baffling.” (Bloomberg)
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