In this episode, Ian and Robert discuss:

• Earnings season: what have we learnt from recent earnings announcements about investor positioning, and what are our expectations for the remainder of the season?
• Active vs passive: with the recent dispersion and pick-up in volatility - how should we be thinking about active vs. passive?
• Bonds: as upward pressure on yields continues, are bonds looking more attractive again, and what does this mean for credit markets?