Recent data and policy developments have fallen firmly in the soft-landing camp, and market performance has reflected this shift. Notwithstanding recent stronger-than-expected economic activity, we continue to believe a downturn is in the pipeline.
Anne Walsh, Chief Investment Officer of Guggenheim Partners Investment Management, joins Bloomberg TV to discuss the latest inflation data, the economic cycle, and portfolio positioning.
Talk of Goldilocks has taken hold in the markets, and with it the risk-taking allure of not-too-hot and not-too-cold investing conditions.
Karthik Narayanan, Head of Securitized Credit for Guggenheim Investments, and Tom Nash, a director on our Commercial Mortgage-Backed Securities (CMBS) sector team, join Macro Markets to discuss drivers of performance, current conditions in real estate, and where they are finding value in CMBS and in other types of structured credit.
Appealing yields and cautious markets.
Quarterly Macro Themes, a quarterly publication from our Macroeconomic and Investment Research Group, spotlights critical and timely areas of research and updates our baseline views on the economy.
Anne Walsh, Chief Investment Officer for Guggenheim Partners Investment Management, joins Bloomberg TV to discuss fixed-income market opportunities, managing climate change risk, and the Fed’s path forward.
Anne Walsh, CIO for Guggenheim Partners Investment Management, discusses drivers of returns going forward. She also offers advice to young women looking to make a career in asset management.
Improved value proposition in credit.
Allen Li, Managing Director and Head of Guggenheim Investments' Municipal Bond Sector Team, explains the structure and characteristics of the $4 trillion municipal market, the importance of technical dynamics, and where he is finding value.
Markets are still facing uncertainties regarding the impact of the Federal Reserve’s aggressive rate hikes and quantitative tightening, a potential economic slowdown, and the likelihood of other unforeseen consequences of financial disintermediation.
Tom Hauser, Co-Head of Corporate Credit, discusses his current views on opportunity in leveraged credit. Economist Paul Dozier updates on the latest economic data.
Anne Walsh, CIO of Guggenheim Partners Investment Management, joins Bloomberg TV from the Milken Global Conference to discuss the implications of ongoing issues in fixed income and how capital rationing favors private credit.
Valuations have reset after a volatile year.
Brian Smedley, Chief Economist and Head of the Macroeconomic and Investment Research Group, joins Macro Markets to discuss Fed policy, recent inflation, labor, and GDP data, and key takeaways for investors from our 10 Macroeconomic Themes for 2023.
Guggenheim Investments’ Macroeconomic and Investment Research Group identifies 10 macroeconomic trends likely to shape monetary policy and investment performance this year.
Anne Walsh, Chief Investment Officer for Guggenheim Partners Investment Management, joined Bloomberg TV in Davos to discuss the outlook for credit as recession nears.
Scott Minerd, Global CIO for Guggenheim Partners and Chairman of Guggenheim Investments, joins the year-end episode of Macro Markets on Fed Day for a wide-ranging discussion of the Federal Reserve’s execution of monetary policy, economic conditions, the investment landscape for risk assets, portfolio strategy, and more.
Anne Walsh, Chief Investment Officer for Fixed Income, on the economic and credit cycle, and on risk and opportunity across the fixed-income landscape.
While the path to get us here has been painful, investable yields have the potential to meet the return objectives of pension plans, insurance companies, or other investors that may have been sitting on the sidelines—or taking undue risk within fixed income in a reach for yield.
October jobs data suggests a cooling labor market.
Scott Minerd, Guggenheim Partners Global CIO and Chairman of Guggenheim Investments, joins Bloomberg TV on Fed Day.
Weakening jobs picture will signal that Fed tightening is working as intended.
October will test the Fed’s resolve.
Jim Pass, head of project finance for Guggenheim Investments, and Kate Newman from the World Wildlife Fund talk about the most recent research collaboration between Guggenheim and WWF, a survey of infrastructure investors and developers.
Signposts for credit investors as the next recession approaches.
Deeper losses for equities may lay ahead.
U.S. Economist Matt Bush discusses the fast-moving economic data, and Managing Director Aditya Agrawal reports on developments in the Agency MBS sector.
Lower July CPI inflation is likely the beginning of a trend.
Scott Minerd, Chairman of Guggenheim Investments and Guggenheim Partners Global CIO joins Bloomberg TV on Fed Day to discuss the Fed’s 75 basis point hike, and signs that the economy is already in recession.
Managing Director Justin Takata discusses the technical and fundamental drivers of value in investment grade corporates, and U.S. Economist Matt Bush addresses recession timing and the possible progression of policy.
The latest data suggest that we may already be in a recession.
Brian Smedley, Guggenheim’s Chief Economist and Head of Macroeconomic and Investment Research, discusses the impact of the Fed’s 0.75% rate hike on markets and the economy.
The outlook for credit amid rising inflation, monetary tightening, and war in Europe.
Scott Minerd, Guggenheim Partners Global CIO, joins CNBC to share his views on the consequences of aggressive Federal Reserve tightening.
The risks of tightening into a downturn.
Get insight into the current macroeconomic environment and its implications for the markets in an insightful panel discussion featuring Maria Giraldo, Strategist and Matt Bush, Economist from Guggenheim Investments’ Macroeconomic and Investment Research Team. This informative session will explore how Guggenheim sees the inflation outlook, where Federal Reserve policy is heading, and how investors should be positioned in this environment. Thoughts on the crisis in Ukraine and outlook for a post pandemic environment will also be given.
A properly diversified credit portfolio should have exposure to both high-yield corporate bonds and bank loans.
The resurgent virus should keep a lid on Treasury Yields.
Falling demand will help limit the extent of more price increases.
The COVID Delta Variant’s Looming Threat to Risk Assets.
A revival of the Obama-era Build America Bonds would raise funds with less taxes.
June’s Consumer Price Index (CPI) again surprised to the upside, adding fuel to headline-writers’ panic about inflation spikes and market speculation that the Federal Reserve (Fed) will need to act soon to rein in prices.
Examining the Fed’s announcement to sell its SMCCF holdings.
The spike in core CPI is a one-time adjustment as the economy reopens.
Strong earnings growth, low default volumes, upward rating migration, and tighter spreads in the recovery phase of the credit cycle.
Supply chain disruptions may be a near-term challenge, but base effects will slow inflation next year.
Get insight into the current macroeconomic environment and its implications for markets. This informative session will explore why Guggenheim believes the markets’ inflation concerns are overdone, how the Fed’s new framework virtually ensures several years of rates at zero, why investors should own duration and why a strong economy also bodes well for credit. Thoughts on the opening year of the Biden administration and the continuing impact of the COVID-19 pandemic will also be given.
Despite a strong March 2021 jobs report, full employment remains far away.
The summer months tend to deliver stronger-than-average returns for bonds.
