/institutional/perspectives


Global CIO Outlook    |   April 05, 2020    

Note to Clients: Where We Are Nibbling at Value

Allocating capital as the pandemic progresses; emerging markets may be next domino to fall.


Global CIO Outlook    |   March 27, 2020    

The Faustian Bargain

The consequences of policymakers returning to the same tools employed in the financial crisis.


Global CIO Outlook    |   March 22, 2020    

The Great Leverage Unwind 

Funding and trading markets are not functioning well due to excessive leverage needing to be unwound in the financial system.


Global CIO Outlook    |   March 20, 2020    

Value Is a Poor Timing Tool

Markets often overshoot, and just because things are cheap doesn’t mean they can’t get cheaper.


Global CIO Outlook    |   March 19, 2020    

Necessary But Not Adequate

Without the right programs, this shortfall in credit availability will increase and it will further deepen the crisis.


Global CIO Outlook    |   March 17, 2020    

Shock and Awe Falls Short

The Fed still has a number of tools at its disposal that haven’t yet been implemented.


Global CIO Outlook    |   March 15, 2020    

Note to Clients: Meeting an Historic Challenge

Tonight, we stand at the precipice of an historic challenge. Nothing in our collective experience compares to the circumstances that we now face.


Global CIO Outlook    |   March 09, 2020    

The Butterfly Effect

The market is waking up to not just the viral contagion of coronavirus, but also to financial, economic, and geopolitical contagion.


Global CIO Outlook    |   February 27, 2020    

Note to Clients: Markets Infected by Coronavirus

Portfolio positioning with coronavirus on the brink of pandemic.


Portfolio Strategy    |   February 18, 2020    

Concerned About Climate Change? 6 Ways for Insurers to Future-Proof Their Portfolios

Rising global temperatures and water levels are affecting markets and economies, with more trouble ahead. Insurers need to plan for it now.


Global CIO Outlook    |   February 13, 2020    

“Peace for Our Time”

The coronavirus is a looming economic problem.


Sector Views    |   February 11, 2020     |     High-Yield and Bank Loan Outlook

The Relative Value Case for Bank Loans Over High Yield

Loans present an opportunity to move up the capital structure with better spreads and yields than high-yield corporate bonds.


Macroeconomic Research    |   January 22, 2020    

10 Macroeconomic Themes to Watch in 2020

Ten charts illustrate the macroeconomic trends most likely to shape Fed policy and investment performance in 2020 and beyond.


Global CIO Outlook    |   January 20, 2020    

Global Central Banks Fueling a Ponzi Market 

Ultimately, investors will awaken to the rising tide of defaults and downgrades.


VIDEO

Forecasting the Next Recession

Tools for Forecasting the Next Recession

The methodology and metrics that inform our recession outlook.

Watch Video

Fixed-Income Outlook

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.

Watch Video


January 22, 2020

10 Macroeconomic Themes to Watch in 2020

Ten charts illustrate the macroeconomic trends most likely to shape Fed policy and investment performance in 2020 and beyond.

December 23, 2019

Signs of Life in Global Manufacturing 

The beleaguered manufacturing sector is showing signs of improvement.



Portfolio Strategy    |   December 12, 2019    

The Transition Away from Libor

Much Progress, More Wood to Chop


Portfolio Strategy    |   November 08, 2019    

The Science and Art of Risk Management: Liquidity Risk

Good risk management leads to good decision making.


Portfolio Strategy    |   November 04, 2019    

The Risk Mitigation Advantage in Active Fixed-Income Management 

Why active has the potential to outperform passive in fixed income.


Portfolio Strategy    |   May 01, 2019    

Understanding Collateralized Loan Obligations (CLOs)

Explaining the structure and investor-friendly features of collateralized loan obligations, an often misunderstood sector of structured credit.


Portfolio Strategy    |   July 09, 2018    

Solving the Core Fixed-Income Conundrum

Shortening duration, maintaining an investment-grade portfolio, and generating attractive yields do not have to be competing investment objectives for core fixed-income investors.


Portfolio Strategy    |   August 08, 2017    

The ABCs of Asset-Backed Securities (ABS)

Finding value in complexity: The structure, risks, and investor-friendly features of asset-backed securities.




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Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, GS GAMMA Advisors, LLC, and Guggenheim Partners India Management.