The Fed has increasingly unorthodox policy options if the economy remains mired in a protracted downturn.
The support to corporate America during this economic shutdown risks the creation of a new moral obligation for the U.S. government.
The unintended consequences and moral hazard of insufficient and misdirected policies.
Global capital markets are not pricing in the growing likelihood of rising EM corporate defaults.
Allocating capital as the pandemic progresses; emerging markets may be next domino to fall.
The consequences of policymakers returning to the same tools employed in the financial crisis.
Ten charts illustrate the macroeconomic trends most likely to shape Fed policy and investment performance in 2020 and beyond.
While the U.S. speculative-grade default rate could reach 15 percent in this cycle, the market is offering better entry points than seen in years.
Funding and trading markets are not functioning well due to excessive leverage needing to be unwound in the financial system.
Markets often overshoot, and just because things are cheap doesn’t mean they can’t get cheaper.
VIDEO
Anne Walsh, Chief Investment Officer for Fixed Income, shares insights on the fixed-income market and explains the Guggenheim approach to solving the Core Conundrum.
Watch Video
Brian Smedley, Head of the Macroeconomic and Investment Research Group, and Portfolio Manager Adam Bloch share insights from the fourth quarter 2019 Fixed-Income Outlook.
History shows that once our recession forecast model reaches current levels, aggressive policy can delay recession, but not avoid it.
Much Progress, More Wood to Chop
Good risk management leads to good decision making.
Why active has the potential to outperform passive in fixed income.
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