“Bull Markets Climb a Wall of Worry”

Scott Minerd, Chairman of Investments and Global CIO, joins Yahoo Finance from the 2021 Milken Institute Global Conference to share insights on current market conditions and the future direction of monetary policy.

October 19, 2021



Key Takeaways:

  • Central banks are moving toward tapering but there is still excess liquidity supporting markets.
  • Markets have bottomed following a COVID pullback, and stocks should perform well through first half of next year.
  • Even though leverage is an issue in corporate America, we're not overly concerned about credit performance.
  • Doubtful that Powell will get reappointed which makes Lael Brainerd, a dove, the probable favorite.
  • The dirty little secret of policy is that we are already doing Modern Monetary Theory.

Read Macro Alert: Weak Data and Fiscal Uncertainty Will Delay Fed Tapering



May 24, 2022

Despite the Gray Mood, Skies Are Only Partly Cloudy

The outlook for credit amid rising inflation, monetary tightening, and war in Europe.

May 18, 2022

Fed Aggressiveness Following Delayed Liftoff Sets Up 2023 Collision

The risks of tightening into a downturn.

March 22, 2022

For Lessons on Fighting Inflation, Skip Over Volcker to 1946

Clues from history on how to successfully end the current surge in prices.


First Quarter 2022 Market Outlook 

First Quarter 2022 Market Outlook

Maria Giraldo, CFA, Managing Director, Investment Research, and Evan Serdensky, Director, Portfolio Management, provide our macro and markets outlook.

Macro Markets Podcast 

Macro Markets Podcast: Episode #13: The Fed, Credit Quality, and Bank Loans

U.S. Economist Matt Bush analyzes the latest Fed announcement and labor and inflation data, Investment Strategist Maria Giraldo discusses credit risk while the Fed tightens, and Managing Director Chris Keywork updates on the bank loan market.

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