{"id":74700,"date":"2026-09-15T10:07:18","date_gmt":"2026-09-15T17:07:18","guid":{"rendered":"https:\/\/penderfund.com\/?post_type=webinar&#038;p=74700"},"modified":"2026-09-15T10:07:18","modified_gmt":"2026-09-15T17:07:18","slug":"when-markets-disagree-what-credit-is-signalling-today","status":"publish","type":"webinar","link":"https:\/\/penderfund.com\/fr\/webinar\/when-markets-disagree-what-credit-is-signalling-today\/","title":{"rendered":"Quand les march\u00e9s sont en d\u00e9saccord : les signaux envoy\u00e9s aujourd\u2019hui par les march\u00e9s du cr\u00e9dit"},"content":{"rendered":"<p><span style=\"font-size: 14pt;\"><strong>L\u2019optimisme continue d\u2019alimenter les march\u00e9s boursiers, mais la situation est toute autre sur les march\u00e9s du cr\u00e9dit.<\/strong><\/span><\/p>\n<p>Venez \u00e9couter <strong>Justin Jacobsen, gestionnaire de portefeuille<\/strong>, s\u2019entretenir avec Ben Myers sur les signaux potentiels envoy\u00e9s par les march\u00e9s du cr\u00e9dit et sur le positionnement de la strat\u00e9gie suivant l\u2019\u00e9volution des march\u00e9s.<\/p>\n<p>Au cours des derniers mois, on a assist\u00e9 \u00e0 une divergence croissante entre les march\u00e9s boursiers et les march\u00e9s de titres \u00e0 revenu fixe, notamment \u00e0 l\u2019\u00e9gard du cycle li\u00e9 aux placements IA. Historiquement, lorsque ces deux march\u00e9s ont \u00e9t\u00e9 en d\u00e9saccord, celui du cr\u00e9dit a eu tendance \u00e0 s\u2019av\u00e9rer un indicateur plus fiable.<\/p>\n<p>Or, la quantit\u00e9 \u00e9norme de capital n\u00e9cessaire au financement des centres de donn\u00e9es et \u00e0 l\u2019infrastructure \u00e0 tr\u00e8s grande \u00e9chelle exerce une pression toujours plus forte sur les march\u00e9s du cr\u00e9dit, le tout tandis que les \u00e9carts de cr\u00e9dit dans l\u2019ensemble demeurent pr\u00e8s des creux cycliques et offrent peu de r\u00e9compenses pour les risques encourus. Parall\u00e8lement, les p\u00e9riodes de faible volatilit\u00e9 et d\u2019\u00e9missions importantes ont souvent cr\u00e9\u00e9 un contexte propice \u00e0 des dislocations sur les march\u00e9s.<\/p>\n<p>M. Jacobsen portera son attention sur les risques, notamment o\u00f9 ils semblent s\u2019accro\u00eetre, ainsi que sur les occasions qui pourraient na\u00eetre de la situation et sur l\u2019approche souple longue\/courte du <strong>Fonds alternatif \u00e0 rendement absolu Pender,<\/strong> , lequel est plac\u00e9 pour composer avec les conditions changeantes des march\u00e9s.<\/p>\n<p><span style=\"color: #993366;\"><strong>Dans le cadre de ce webinaire, nous explorerons :<\/strong><\/span><\/p>\n<ul>\n<li>Pourquoi la divergence entre les march\u00e9s boursiers et du cr\u00e9dit m\u00e9rite qu\u2019on s\u2019y attarde.<\/li>\n<li>Comment la construction des infrastructures IA refa\u00e7onne les march\u00e9s du cr\u00e9dit.<\/li>\n<li>Les zones de risques et d\u2019opportunit\u00e9s envisag\u00e9es par l\u2019\u00e9quipe.<\/li>\n<li>Les le\u00e7ons que nous pouvons tirer de l\u2019histoire \u00e0 l\u2019\u00e9gard des p\u00e9riodes prolong\u00e9es de faible volatilit\u00e9.<\/li>\n<li>Le positionnement du Fonds alternatif \u00e0 rendement absolu Pender \u00e0 l\u2019heure actuelle.<\/li>\n<\/ul>","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false},"fund-type":[45,46],"class_list":["post-74700","webinar","type-webinar","status-publish","hentry","fund-type-pender-liquid-alternative-funds","fund-type-pender-alternative-absolute-return-fund"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.4 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>When Markets Disagree: What Credit Is Signalling Today - 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\/webinar\/when-markets-disagree-what-credit-is-signalling-today\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"When Markets Disagree: What Credit Is Signalling Today\" \/>\n<meta property=\"og:description\" content=\"Equity markets continue to price optimism. 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