/institutional/perspectives/media/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.

March 08, 2022

 

 

Key Takeaways:

  • We see growth remaining above potential in 2022.
  • The inflation focus has shifted to accelerating wage growth and housing inflation.
  • We expect the Federal Reserve to deliver at least four rate hikes in 2022 beginning in March.
  • Structured credit offers value, including certain CLO tranches, commercial ABS, and residential and commercial real estate.
  • Bank loans look undervalued versus many other fixed-income sectors.

 

Listen Now: Macro Markets Podcast Episode #8

Anne Walsh, CIO for Fixed Income, discusses risk and opportunity with the unfolding war in Ukraine, the Fed’s shift towards tighter monetary policy, and increasing market volatility.


FEATURED PERSPECTIVES

May 16, 2023

Second Quarter 2023 Fixed-Income Sector Views

Opportunity in fixed income rises with uncertainty.

April 18, 2023

The Pre-Recession Playbook for Up in Quality

An opportunity for active management.

March 20, 2023

A Not-So-Funny Thing Happened on the Way to the Terminal Rate

The Fed’s next move and beyond.


VIDEOS AND PODCASTS

2022’s Upside: The Fed Has Put the Income Back in Fixed Income 

2022’s Upside: The Fed Has Put the Income Back in Fixed Income

Anne Walsh, Chief Investment Officer for Fixed Income at Guggenheim Investments, joined Asset TV to discuss macroeconomic conditions, risk, and relative value in the bond market.

Macro Markets Podcast 

Macro Markets Podcast Episode 34: Risk/Reward in High Yield/Bank Loans

Tom Hauser, Co-Head of Corporate Credit, discusses his current views on opportunity in leveraged credit. Economist Paul Dozier updates on the latest economic data.







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