/institutional/perspectives/media/i-blame-feds-forward-guidance-market-instability

"I Blame the Fed’s Forward Guidance for Market Instability"

Scott Minerd, Chairman of Guggenheim Investments and Guggenheim Partners Global CIO joins Bloomberg TV on Fed Day to discuss the Fed’s 75 basis point hike, and signs that the economy is already in recession.

July 27, 2022

 

 

Key Takeaways:

  • The relief rally is a sign the market believes the Fed may be less hawkish going forward.
  • Tech stocks, which are highly sensitive to borrowing costs, rallied the most.
  • The Fed is unlikely to admit the United States is in a recession until it hits the labor market.
  • The Fed’s decision to retire forward guidance is a welcome move.


Read Macro Alert: Recession Signals Flashing Red

 


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VIDEOS AND PODCASTS

Markets Rally After Weak CPI Data
 

Markets Rally After Weak CPI Data

Scott Minerd, Guggenheim Partners Global CIO and Chairman of Guggenheim Investments, joins CNBC to discuss markets on CPI day.

Macro Markets Podcast 

Macro Markets Podcast Episode 25: Fixed-Income Pain Giving Way to Opportunity

Anne Walsh, Chief Investment Officer for Fixed Income, on the economic and credit cycle, and on risk and opportunity across the fixed-income landscape.







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