Oaktree Capital: Current Market Strength is Confounding, Waiting for the Right Opportunity

On May 5, Armen Panossian, Co-CEO of Oaktree Capital, stated that the market is too quickly overlooking a range of fundamental issues, and the company has chosen to hold cash and wait for opportunities to act during a market correction. In an interview with Bloomberg Television at the Milken Institute Global Conference, Panossian pointed out that post-pandemic liquidity, investors' desire to remain invested, and historically strong corporate performance have led the market to ignore potential economic data issues. He believes that investors generally think President Trump will not take actions that would permanently damage the economy, which further supports market resilience. He noted that given the war in Iran and some pressures the software industry will face in the coming years, the current strength of the market is somewhat perplexing. (Dongxin News Agency)