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 provides investors with economic and policy analyses and assessments of their potential impacts on asset prices.


 
Market Perspectives

Sustainable Development: The Future of Investing

Scott Minerd, Chairman of Investments and Global CIO, explains in the Milken Institute’s Power of Ideas why sustainable development will be a key component of long-term investment performance.

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Macro View

Brexit Reaction: Keep Calm and Carry On

In the long run there are certainly issues to be sorted through, but in the short run Brexit is a buying opportunity.

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Sector Report

High-Yield and Bank Loan Outlook – July 2016

Despite the selloff following Brexit, high-yield bonds and bank loans still turned in impressive quarterly returns, but recovery rates bear watching.

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Media Appearance

Minerd: The Market Is At A Tipping Point

Scott Minerd, Chairman of Investments and Global CIO, visits CNBC to discuss economic weakness in Europe and Japan and central banks’ policy response to those conditions.

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Portfolio Strategy

Q2 2016 Fixed-Income Outlook: Chart Highlights

At a glance, selected charts from our Q2 2016 Fixed-Income Outlook summarize our current economic outlook and views on relative value.

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Minerd on WealthTrack: Fixed Income Strategy in a Negative Rate World

Scott Minerd, Chairman of Investments and Global CIO, discusses challenges and opportunities in today’s market with WealthTrack’s Consuelo Mack.

“The Fed is now hostage to the markets,” Minerd warned Mack as they discussed market challenges and opportunities on a recent edition of PBS' WealthTrack. “The problem is that as central banks around the world keep searching for new ways to stimulate the economy, it’s creating imbalances, so we’re slowly seeing asset classes get inflated.”

For investors, this dynamic creates an unusual conundrum: Where to find assets that represent value given the heightened risk inherent in a global economy awash in manipulated liquidity. In the following video series, including highlights from the interview, Minerd shares insights on how careful security selection and a disciplined approach to investing can help steer investors through challenging market conditions.

 

Recent Perspectives

July 14, 2016

High-Yield and Bank Loan Outlook – July 2016

Despite the selloff following Brexit, high-yield bonds and bank loans still turned in impressive quarterly returns, but recovery rates bear watching.

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June 28, 2016

Brexit Reaction: Keep Calm and Carry On

The British have had their vote, and now the financial markets are having theirs. The news was a surprise to almost everybody, and the selloff has been harsh, but the sky is not falling. In the long run there are certainly issues to be sorted through—not just the practical aspects of the new relationship between the U.K. and the E.U., but also whether the E.U. and the euro will ultimately survive. In the short run, however, this is a buying opportunity.

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June 10, 2016

Q2 2016 Fixed-Income Outlook: Chart Highlights

At a glance, selected charts from our Q2 2016 Fixed-Income Outlook summarize our current economic outlook and views on relative value.

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May 26, 2016

Why the G7 May Be Hastening Helicopter Money

Faced with a sharply appreciating yen, and lacking G7 support, Japan may need to take extreme measures.

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May 24, 2016

Investment-Grade Corporate Credit: Opportunity in Summer Volatility

Energy yields look more attractive than other sectors, as the worst of the oil bear market draws to an end.

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May 24, 2016

High-Yield Corporate Bonds: A Bid for Lower Quality Re-Emerges

Market weakness offers attractive entry points in B-rated bonds, particularly in the energy sector.

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May 24, 2016

Bank Loans: Seeking Fundamental Strength Amid Technical Weakness

Despite a weak near-term technical backdrop, certain bank loans remain supported by strong earnings and low default risk.

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May 24, 2016

Asset-Backed Securities and CLOs: Focus on Seniority

We anticipate cheaper entry points into mezzanine and subordinate CLO tranches, and esoteric ABS.

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May 24, 2016

Non-Agency Residential Mortgage-Backed Securities: Volatile Prices Mask Improving Fundamentals

Improving fundamentals, lower bond prices, and limited supply form a constructive thesis for non-Agency RMBS.

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May 24, 2016

Commercial Mortgage-Backed Securities: Awash in Demand, Short in Supply

A frenzied rally in April will moderate as Wall Street restarts its CMBS production engine.

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