Apollo’s Zelter Sees Pockets of Stress Amid Resilient US Economy

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Apollo Global Management Inc. Co-President Jim Zelter said that while the overall US economy and consumer remain relatively strong, he sees pockets of stress among corporate borrowers.

In the context of a broad economy with “massive fundamental strength,” some companies still have a poor business plan, too much debt, or haven’t recovered from Covid, he said in an interview on Bloomberg Television.