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Sycamore’s Okada Sees US Recession as ‘More Likely Than Not’

WATCH: Sycamore Tree Capital Partners CEO Mark Okada speaks about how credit markets are reacting to tariffs and how the CLO market is adjusting to the volatility.Source: Bloomberg

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By Joe Lovinger and Julie Fine

April 22, 2025 at 1:37 PM EDT

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A US recession is “more likely than not” as President Donald Trump’s policies weigh on an economy that has stood out for its strength, said Mark Okada, chief executive officer of Sycamore Tree Capital Partners.