Scott Minerd discusses the importance of transitioning sustainable development into an institutional asset class.
Ongoing market turmoil puts further Fed rate hikes on hold and increases pressure on China to make radical adjustments.
While the market will remain volatile and likely lead to a period of outright panic, that is when having a “cool head” will pay off.
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.
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 calls in to Bloomberg TV to discuss the policy response to the crisis.
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