Hazards of the Next Two Years Part 1: Credit Cycle Downturn

The markets will be tested by the reaction of passive investors when Fed tightening leads to a credit downturn.

August 15, 2018   |    By Brian Smedley, Head of Macroeconomic and Investment Research


FEATURED PERSPECTIVES

Weak Data and Fiscal Uncertainty Will Delay Fed Tapering - Featured Perspectives
September 15, 2021

Weak Data and Fiscal Uncertainty Will Delay Fed Tapering

Bond yields could fall further as rising fiscal risks get priced in.

Looking at Yields in High-Yield Credit - Featured Perspectives
August 31, 2021

Looking at Yields in High-Yield Credit

A properly diversified credit portfolio should have exposure to both high-yield corporate bonds and bank loans.

Things Couldn’t Be Better - Featured Perspectives
July 30, 2021

Things Couldn’t Be Better

The COVID Delta Variant’s Looming Threat to Risk Assets.


VIDEO

Fixed-Income Outlook 

Midyear 2021 Outlook

Brian Smedley, Chief Economist and Head of Macroeconomic and Investment Research, and Portfolio Manager Adam Bloch provide our macro and markets outlook.

The Long Road to Recovery 

The Long Road to Recovery

Scott Minerd, Chairman of Investments and Global CIO, discussed his outlook for markets and the economy with CNBC’s Brian Sullivan during the Milken Institute 2020 Global Conference.