Our Perspectives

Macro View

Sine of the Times More downside risk for rates?

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Chairman of Investments and Global Chief Investment Officer Scott Minerd leads Guggenheim Partners’ macroeconomic and investment research functions. Together, our team of economists, strategists, and analysts provide insights and analysis on markets and opportunities via weekly
Macro Views, in-depth Market Perspectives, Sector Reports, and media appearances.

Market Perspectives

The Monetary Illusion

Quantitative easing will likely lower living standards in the long term.

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Weekly Macro View

Sine of the Times

Powerful secular and fundamental forces at work signal that the risk to U.S. interest rates remains to the downside.

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Sector Report

High-Yield and Bank Loan Outlook - April 2015

How high yield bonds and bank loans can help investors position for the Federal Reserve’s upcoming rate tightening cycle.

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Media Appearances

The Street: Guggenheim's Scott Minerd on March Jobs Report & Weak Inflation

Chairman of Guggenheim Investments and Global CIO Scott Minerd explains to The Street's Scott Gamm why he doesn’t put too much stock in month-to-month job numbers and why the inflation rate doesn't necessarily need to reach 2% in order for the Federal Reserve to raise short-term interest rates.

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Portfolio Strategy

The ABCs of ABS: Opportunities in Asset-Backed Securities

In the search for yield, ABS offers an opportunity to generate higher returns through rigorous analysis, unaccompanied by additional credit or interest-rate risk.

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Latest Videos

Guggenheim Partners Global Chief Investment Officer Scott Minerd and his investment team share insights on investment opportunities around the world, U.S. monetary policy and new areas of economic development in this series of videos and media appearances.


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Recent Perspectives

November 07, 2014

'Risk On' for Now

U.S. high-yield bonds, leveraged credit, and equities will likely outperform in the coming months, but there are obstacles ahead.

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October 29, 2014

Europe Must Act Now

Things in Europe are bad and policymakers appear already to have fallen behind the curve. Quantitative easing in Europe is coming, but too slowly to avert a severe slowdown and perhaps even a hard landing. Mario Draghi, ECB president, has made it clear that the ECB must increase its balance sheet by at least €1 trillion—a tough mandate as the balance sheet will continue to shrink in the coming year as the earlier longer-term refinancing operation assets roll off. The reality is the ECB will need to purchase at least another €1.5 trillion in assets, and even that may not be enough.

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October 23, 2014

Short-Term Optimism, Longer-Term Caution

U.S. stocks will likely move higher as pension fund managers go bargain hunting in an effort to put seasonal cash inflows to work.

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October 16, 2014

Seasonal Factors Ready to Turn Positive

After a volatile week in markets, U.S. equities are now oversold and investors should be alert for seasonal factors that should soon turn positive.

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October 07, 2014

High-Yield and Bank Loan Outlook - October 2014

Leveraged credit suffered from heightened volatility over the third quarter as mutual fund investors withdrew from the sector amid concerns about frothy valuations and talk of a credit bubble. We believe the high-yield bond market correction this quarter is healthy and overdue, but investors can expect choppier waters ahead. One segment we believe may help limit near-term volatility risk while capturing strong returns is middle-market debt.

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October 02, 2014

Banquo’s Grain and U.S. Interest Rates

The U.S. economy is strong enough to suggest higher interest rates ahead, but a number of factors suggest U.S. Treasury yields could move lower.

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September 24, 2014

After “Considerable Time,” Fed to Define “Highly Accommodative”

As the Federal Reserve maintains a “highly accommodative” monetary policy the central bank runs the risk of allowing the U.S. economy to overheat.

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September 18, 2014

Why the Pennant Race Could Coincide with Market Volatility

While the U.S. economy is gaining momentum, investors should nevertheless brace for volatility in the next few weeks.

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September 10, 2014

Bulls Charge Despite Weak Data

As the U.S. Federal Reserve debates withdrawing accommodation the doves have the upper hand, but that does not mean they won’t make a concession to hawks and hike sooner than the market expects.

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September 03, 2014

Central Banks Pump Up the Volume

Aggressive central bank accommodation from Europe to Japan and a dovish Federal Reserve bode well for equities and bond prices.

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