Scott Minerd, Chairman of Investments and Global CIO, discussed his outlook for markets and the economy with CNBC’s Brian Sullivan during the Milken Institute 2020 Global Conference.
October 15, 2020
- The economic impact and monetary policy response to the pandemic is worsening the wealth gap, which could lead to an even more contentious political landscape.
- More fiscal stimulus is likely regardless of the presidential election outcome as the economy continues to stall, but it is unlikely to be enough.
- Stocks still have room to run in the near term, but asset classes such as corporate credit are more likely to provide stable returns.
- Treasury yields are more likely to fall than rise, with a risk of turning negative.