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.”
For U.S. equities and credit, in particular, evidence is mounting that 2016 will prove happier than 2015 for investors.
Historically, both equities and fixed income have performed solidly in the initial years of Fed tightening cycles.
Risk assets—particularly high-yield bonds and bank loans—are well positioned to enjoy a prosperous road ahead.
Central banks’ aversion to any downturn should support the current rebound in risk assets through the end of the year.
Investors seem to universally agree that China will continue to weigh on the global economy until it devalues its currency, yet few think such an adjustment is likely anytime soon.
The U.S. Federal Reserve’s rate rise history reveals a familiar dilemma—previous delays led to inflated asset prices and recessions.
The source of the current market correction is the massive misalignment of exchange rates, which finds its roots in quantitative easing.
Weak manufacturing data out of China indicate that its policymakers will have to act drastically to reverse its decline.
When policymakers tell you one thing and the data tell you something different, heed the data.
Reports of ongoing global market volatility are taking a toll on consumer confidence. However, compelling opportunities await patient investors.
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.
Follow Scott on Twitter
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.
View All Media
You are now leaving this website.Guggenheim assumes no responsibility of the content or its accuracy.
© 2018 Guggenheim Partners, LLC. All rights reserved. Guggenheim, Guggenheim Partners and Innovative Solutions. Enduring Values. are registered trademarks of Guggenheim Capital, LLC.