In his market outlook, Global CIO Scott Minerd discusses the challenges of managing in a market melt up and highlights several charts from his recent piece, “10 Macro Themes to Watch in 2018.”
Investors are coming to terms with the idea that the Fed will keep raising rates because of inflation and economic pressures.
The equity bull market, while bloodied by rising rates, is not broken.
Euphoria at Davos may be a sign that the market melt up may soon begin to cool.
The new tax package is causing investors to engage in more aggressive tax-loss selling.
As pundits point to the recent market selloff as proof rates are about to skyrocket, it is wise to step back and grasp the big picture.
Why are long-term yields falling when the Federal Reserve is raising rates?
Investors need to be vigilant, as stocks and bonds are expensive, volatility is low, and risks lay ahead.
Policymakers take heed: Successful economic policy is still determined by the four essential factors of production—land, labor, capital, and entrepreneurship.
Longer-term bond yields are near their highs for this cycle, while the environment for riskier assets like high-yield bonds, bank loans and stocks remains positive.
Central bank policies implemented in the near-term may seem extreme today, but they will likely soon become policy orthodoxy.
In addition to serving as Global Chief Investment Officer of Guggenheim Partners and Chairman of Guggenheim Investments, Scott Minerd is also a member of the Federal Reserve Bank of New York’s Investor Advisory Committee on Financial Markets, an advisor to the Organization for Economic Cooperation and Development, and a contributing member to the World Economic Forum. Minerd is regularly featured in leading financial media outlets, including Financial Times, Barron’s, Bloomberg, CNBC, Fox Business News, Forbes, and Reuters.
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Global CIO Scott Minerd joins WealthTrack’s Consuelo Mack for an in-depth discussion on investing in a market distorted by unorthodox monetary policy and vulnerabilities to near-term shocks.
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