Apollo Global Management, Inc. (APO) Presents At Barclays 23rd Annual Global Financial Services Conference (Transcript)
Macro Environment Overview - The macro economy is experiencing a significant capital expenditure (CapEx) cycle, indicating robust investment activity [2] - Credit quality remains strong, with S&P second quarter numbers showing an 11% increase compared to a consensus expectation of 4% [2] - Personal and corporate balance sheets are in good condition, contributing to a favorable economic outlook [2] Interest Rates and M&A Activity - Interest rates are expected to trend lower, which may stimulate further economic activity [3] - The current M&A cycle is noted as the second best year on record, following the exceptional year of 2021, highlighting a strong backdrop for mergers and acquisitions [3]