TRIN - BDC Market Weekly Review: Buy Rumor Sell News Action In ARCC Earnings
- We take a look at the action in BDCs through the fourth week of March and highlight some of the key themes we are watching.
- BDCs had a great week with a 2% return, making March the strongest month year-to-date.
- We take a look at the odd behavior of ARCC in the lead up and post its recent quarterly earnings announcements.
- Our BDC holdings continue to perform well - with 4 of our 6 holdings in the top 8 performers year-to-date.
- Given the willingness of the Fed to overtighten to bring inflation under control, a protracted recession remains a key risk - we view more resilient BDCs as attractive in this scenario.
For further details see:
BDC Market Weekly Review: Buy Rumor, Sell News Action In ARCC Earnings