Brian Smedley, Head of Macroeconomic and Investment Research, discusses major trends likely to shape markets this year.
Our portfolios are constructed based on the key aspects of each candidate’s policy agenda that we believe will move markets. We will publish daily updates in the run up to the presidential election on Nov. 3, 2020.
Ten charts illustrate the macroeconomic trends most likely to shape Fed policy and investment performance in 2020 and beyond.
The beleaguered manufacturing sector is showing signs of improvement.
Selected charts from our Fourth Quarter Fixed-Income Outlook illustrate the risk and reward of “mid-cycle” rate cuts.
History shows that once our recession forecast model reaches current levels, aggressive policy can delay recession, but not avoid it.
Selected charts from our Third Quarter Fixed-Income Outlook illustrate why we do not think the current rally in risk assets is sustainable.
The U.S. economy is strong, but soft inflation and downside risks to growth prompted the first Fed rate cut since 2008.
Selected charts from our First Quarter Fixed-Income Outlook illustrate why we believe late-cycle drama is unfolding.
Despite the Fed’s dovish turn, our recession forecasting tools still point to recession starting in six to 12 months.
Our Recession Probability Model and Recession Dashboard suggest the recession could come as early as first half of 2020 but may not be as severe as past recessions.
Follow Scott Minerd Follow GuggenheimPtnrs
You are now leaving this website.Guggenheim assumes no responsibility of the content or its accuracy.
© 2021 Guggenheim Partners, LLC. All rights reserved. Guggenheim, Guggenheim Partners and Innovative Solutions. Enduring Values. are registered trademarks of Guggenheim Capital, LLC.
We use cookies on our site. You may control whether and how your browser accepts cookies; please see your browser help documentation for more information. To learn more about the information we collect and how we use it, view our Privacy Policy.