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We’ve moved past the early-cycle environment that predominated risk taking in 2020, post the pandemic lows, and we’re moving really into a mid-cycle environment, which tends to be constructive for risk. This mid-cycle environment is still going to be expansionary, albeit with slightly lower growth than we’ve seen predominate over the last year or so, but a very constructive environment for risk taking more broadly.
...read full article on Seeking Alpha
