Taking Stock of COVID-19 Policy and Market Effects

Key Takeaways:

• What the Fed has done to this point is necessary but not adequate.
• Corporate bond spreads have widened a lot. But we haven’t yet seen capitulation in areas like securitization.
• There is still downside room in the stock market.
• Beware of moral hazard in the bailout of airlines.
• Ultimately this is going to be QE5, with about $4.5 trillion in quantitative easing to address the shortfall of credit availability.

Read Global CIO Outlook: Necessary But Not Adequate

VIDEO

 

Fourth Quarter 2019 Fixed-Income Outlook

Brian Smedley, Head of the Macroeconomic and Investment Research Group, and Portfolio Manager Adam Bloch share insights from the fourth quarter 2019 Fixed-Income Outlook.

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Fixed-Income Outlook

 

Solving the Core Fixed-Income Conundrum

Anne Walsh, Chief Investment Officer for Fixed Income, shares insights on the fixed-income market and explains the Guggenheim approach to solving the Core Conundrum.

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Solving the Core Fixed-Income Conundrum