Monday, August 10, 2020 - Howard Marks is the director of Oaktree Capital Management and Chris Stadler is a managing partner at CVC Capital Partners. They look at the economy under COVID-19 and how it might react in the near and long-term.
Howard Marks and Chris Stadler are the National Co-Chairs of No Labels. Howard is the Director and Co-Chairman of Oaktree Capital Management, a global investment management firm with headquarters in Los Angeles. Chris Stadler is a Managing Partner at CVC Capital Partners, based in New York. Today, they will discuss the recent changes, trends, and developments in financial markets.
Howard Marks and Chris Stadler focus a lot on the disconnect between the stock market and the economy. As they note, the Federal Reserve and the Treasury Department have infused the market with unprecedented stimulus, which was necessary to keep the economy afloat but has also inflated the price of various assets. But as Marks notes, the markets have the ability to go from flawless to hopeless and back again very quickly, so expect plenty of volatility ahead.
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