/perspectives/media/the-long-road-to-recovery

The Long Road to Recovery

Scott Minerd, Chairman of Investments and Global CIO, discussed his outlook for markets and the economy with CNBC’s Brian Sullivan during the Milken Institute 2020 Global Conference.

October 15, 2020

 

Key Takeaways:

  • The economic impact and monetary policy response to the pandemic is worsening the wealth gap, which could lead to an even more contentious political landscape.
  • More fiscal stimulus is likely regardless of the presidential election outcome as the economy continues to stall, but it is unlikely to be enough.
  • Stocks still have room to run in the near term, but asset classes such as corporate credit are more likely to provide stable returns.
  • Treasury yields are more likely to fall than rise, with a risk of turning negative.

 


FEATURED PERSPECTIVES

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.

March 04, 2022

Credit Returns in the Upcoming Fed Hiking Cycle

Exploring the performance of leveraged credit in past tightening cycles.


VIDEOS AND PODCASTS

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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