/perspectives/media/third-quarter-2021-market-outlook

Third Quarter 2021 Market Outlook

Matt Bush, U.S. Economist, Macroeconomic and Investment Research, and Portfolio Manager Steve Brown provide our macro and markets outlook.

September 28, 2021

 

 

Key Takeaways:

  • The second quarter may represent the peak for sequential growth. 
  • Production bottlenecks have caused inflation to spike, but we think the worst is behind us.
  • We continue to expect rate hikes are much further off than market expectations of early 2023.
  • Our strategies made some incremental shifts within our credit exposure to prioritize carry and overall reduce credit beta.


Read Macro Alert: Weak Data and Fiscal Uncertainty Will Delay Fed Tapering

 


FEATURED PERSPECTIVES

August 24, 2022

Credit Yields Look Attractive Despite Rising Recession Risks

Signposts for credit investors as the next recession approaches.

August 19, 2022

Stocks Are in Trouble if S&P Fails to Break Above its 200-day Moving Average

Deeper losses for equities may lay ahead.

August 02, 2022

Third Quarter 2022 Fixed-Income Sector Views

Relative value and performance drivers across fixed-income sectors.


VIDEOS AND PODCASTS

Fed Day: The Argument for 100 Basis Points 

Fed Day: The Argument for 100 Basis Points

Scott Minerd, Guggenheim Partners Global CIO and Chairman of Guggenheim Investments, joins Bloomberg TV on Fed Day.

Macro Markets Podcast 

Macro Markets Podcast Episode 22: Investors' Guide to the Fed’s Hard Landing

Brian Smedley, Chief Economist and Head of the Macroeconomic and Investment Research Group, discusses the Fed’s third straight 75 basis point hike and its meaning for the economy and investors.







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