In Episode 23, we welcomed David Levenson, a veteran of Wall Street fixed income trader, to discuss his thesis that what is going on right now is a reset, not a bear market. David articulates his view through the lenses of fixed income and how it allows him to see the complexities of global markets with more clarity. The discussion covers the current leverage concerns, the implications of deleveraging, and investment strategies that should work during this transition period. David shares his insights on the future path of interest rates, risk assets, and economic recovery, providing listeners with key indicators to navigate the market effectively.