Global CIO Outlook

Guggenheim Global Chief Investment Officer Scott Minerd offers insights on macroeconomic trends and the potential impacts on global investment opportunities.



The Sustainable Development Quotient

Scott Minerd discusses the importance of transitioning sustainable development into an institutional asset class.


January 15, 2014

Keep Optimistic and Carry On

This is likely to be another good year for risk-on investing, as an improving economic outlook supports stocks and bonds in an environment marked by less volatility than 2013.


January 08, 2014

A Great Time for Investors

Last January, the global economy faced myriad headwinds, choppiness lay ahead, and we expected plenty of volatility. Nevertheless, I said then that risk assets were the best choice for investors. Now, the headwinds of 2013 have largely dissipated, and the outlook is benign for risk assets for the first three to six months of 2014, if not longer.


December 23, 2013

Bernanke’s Santa Claus Cheer

What will Santa bring for Christmas … does he exist at all? Yes he does, his name is Bernanke and he has a stock market rally to share and good holiday cheer for all!


December 18, 2013

Market’s Fed Frenzy Can Finally End

The Fed surprised many investors by announcing it will taper in January, but made clear that interest rates will remain near the zero-bound as forward guidance becomes its primary policy tool.


December 11, 2013

All News is Good News

Financial markets have been discounting the end of tapering for months, and whether it happens in December or March is less important than the reality that the U.S. economy is recovering amid a global synchronous expansion.


December 04, 2013

A Synchronous Expansion

Major developed economies are all contributing to global economic growth, and this improving fundamental picture, coupled with ongoing monetary accommodation, bode well for risk assets.


November 26, 2013

Passing the Wall of Worry

As this bull market climbs its “wall of worry,” we can see its underlying strength. Valuation concerns and the risk of a major correction appear overblown, as we should see a continued rebound in economic fundamentals over the coming months.


November 20, 2013

The Fed and the Economy: “Don’t Shoot Until You See the Whites of Their Eyes”

The Federal Reserve has started to highlight “forward guidance” as a way to keep interest rates lower for longer – and get the exhausted hamster off the treadmill of quantitative easing. We still think tapering remains farther off than most investors expect.


November 14, 2013

Taper or Not, Stocks and Bonds Could Gain

Both bond and equity markets are well-positioned, regardless of whether the U.S. Federal Reserve tapers its asset purchase program.


November 06, 2013

Party Like it’s 1999

There remains significant upside for risk assets, but in this liquidity-driven market there is also an increasing risk of a “melt-up” such as the one that preceded the bursting of the tech bubble in early 2000.







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