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.
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.
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.
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.
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.
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.
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.
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.
August 20, 2014
Don’t Fight the U.S. Treasury Rally
A number of factors seem likely to drive U.S. 10-year Treasury rates lower in the near term, including increasing demand, decreasing supply, and tension in Ukraine and Iraq that is triggering a flight to quality. As Treasury yields fall, a wave of mortgage refinancing could drive yields even lower, creating a compelling opportunity to rebalance portfolios.
August 07, 2014
Investor or Speculator?
The recent selloff in U.S. stocks is healthy and could set markets up to reach new highs by year end. Long- term investors should not fall victim to panic and sell.
July 30, 2014
Normalize to What?
Despite a disconcerting, growing consensus among investors, the likelihood of a sudden increase in U.S. interest rates is fairly remote for now.
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