2002 the year ahead

Market overview

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Global economic slowdown, biggest ever profits warning, largest ever bankruptcy, highest number of defaults in a year, a roller coaster ride in equities. It doesn’t exactly sound like a year in which the credit markets would be the star of the show. But, credit outperformed all other comparable asset classes in 2001.

So, what key factors are going to drive the market in 2002? In our opinion, they are technicals, fundamentals and supply. Not exactly an exciting or controversial list. Technic