Credit Quality Analysis in Energy and Technology Sectors

You are the portfolio manager for a fixed income fund specializing in corporate bonds. Recently, you have been analyzing the credit risk associated with various sectors, particularly focusing on the energy and technology industries. Given the recent volatility in oil prices and shifts in technology adoption, discuss the factors influencing credit quality in these sectors.

In your response, consider aspects such as macroeconomic indicators, industry trends, credit spreads, and the potential impact of interest rate changes. Provide a strategic assessment of how you would adjust the portfolio based on your analysis.