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“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

 


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