/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.


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VIDEOS AND PODCASTS

Recession ‘Inevitable’ as the Fed Fights Inflation 

Recession ‘Inevitable’ as the Fed Fights Inflation

Scott Minerd, Chairman of Investments and Guggenheim Partners Global CIO, joins Bloomberg TV on Fed Day to discuss the Federal Reserve’s largest rate hike since 1994.

Macro Markets Podcast 

Macro Markets Podcast: Episode #16: Fed Watch: A Deep Dive into 75

Brian Smedley, Guggenheim’s Chief Economist and Head of Macroeconomic and Investment Research, discusses the impact of the Fed’s 0.75% rate hike on markets and the economy.







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