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https://www.cambridgeassociates.com/wp-content/uploads/2022/05/AdobeStock_371296737_s.jpeg17721183Credit assets have sold off in recent weeks in unison with other risk assets, as market concern has shifted from one extreme of growth and inflation running too hot to another of stagflation, or even outright recession. Despite the improvement in credit pricing, we believe investors should be patient when adding to high-beta credit portfolios.