{"id":71895,"date":"2025-12-11T09:52:54","date_gmt":"2025-12-11T17:52:54","guid":{"rendered":"https:\/\/penderfund.com\/?post_type=podcasts&#038;p=71895"},"modified":"2025-12-11T09:52:54","modified_gmt":"2025-12-11T17:52:54","slug":"profiles-in-credit-the-annual-sit-down-with-callum-thomas-2025","status":"publish","type":"podcasts","link":"https:\/\/penderfund.com\/fr\/podcasts\/profiles-in-credit-the-annual-sit-down-with-callum-thomas-2025\/","title":{"rendered":"Profiles in Credit - The Annual Sit Down with Callum Thomas - 2025"},"content":{"rendered":"<p class=\"excerpt uk-h3 uk-text-dark uk-margin-medium-top uk-margin-remove-bottom\"><strong>Re-acceleration, rotations, and macro turning points.<\/strong><\/p>\n<p class=\"excerpt uk-h3 uk-text-dark uk-margin-medium-top uk-margin-remove-bottom\">In this annual conversation, Geoff Castle, Lead Portfolio Manager, Fixed Income sits down with Callum Thomas, Head of Research at Topdown Charts to look back on last year\u2019s big macro calls, then look ahead to 2026. They cover the case for a global growth re-acceleration, why bonds might still offer better value than equities, what Japan\u2019s long bond is signalling, and how to think about commodities, currencies and private credit risk in a world of shifting cycles.<\/p>\n<div class=\"content uk-margin-medium-top\"><\/div>","protected":false},"featured_media":70372,"template":"","meta":{"_acf_changed":false},"fund-type":[41,43],"topics":[99],"class_list":["post-71895","podcasts","type-podcasts","status-publish","has-post-thumbnail","hentry","fund-type-fixed-income-funds","fund-type-pender-corporate-bond-fund","topics-profiles-in-credit"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Profiles in Credit - The Annual Sit Down with Callum Thomas - 2025 - PenderFund Capital Management<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/penderfund.com\/fr\/podcasts\/profiles-in-credit-the-annual-sit-down-with-callum-thomas-2025\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Profiles in Credit - The Annual Sit Down with Callum Thomas - 2025\" \/>\n<meta property=\"og:description\" content=\"Re-acceleration, rotations, and macro turning points. 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