Jack Janasiewicz offers his tactical take on the capital markets in this podcast recorded on July 7, 2022.
- The S&P 500® Index lost 8.25% in June, capping its worst month since March 2020, and the benchmark 10-year US Treasury also had a wild ride.
- The risks for recession are certainly increasing, but there are also signs that inflationary pressures may be easing, including falling prices for industrial metals and agricultural commodities.
- While sentiment remains poor, a lot of the bad news has already been priced into the markets.
- The Federal Reserve has made it quite clear that cooling off inflation is priority number 1.
- The key for the markets is to gain a clear understanding of where the rate hikes will end – the level at which the Fed believes inflation remains stable and growth is consistent with full employment. It’s a tough balancing act to pull off.
Portfolio Manager Jack Janasiewicz examines shifts in the inflation narrative, consumer spending, and labor market trends that drove market action in May.
Portfolio Manager Jack Janasiewicz explains why the markets need clarity on three uncertainty overhangs before they can gain some traction.
Portfolio Manager Jack Janasiewicz discusses the stock market’s gain in March, yield curve relativity, the rate hike trajectory and inflation expectations.
Portfolio Manager Jack Janasiewicz discusses events that rattled markets in February, from rate hike expectations to fallout from the Russia/Ukraine crisis.
Portfolio Manager Jack Janasiewicz provides context around January’s market swoon, the Fed’s anticipated rate hikes and the start of earnings season.
Late expansion phase views and select value picks in corporate bonds and convertibles are shared by Loomis, Sayles & Co. Full Discretion Team’s Brian Kennedy.
A more stable foundation for municipal bonds could be building. Loomis, Sayles & Company’s Municipal Bond Team offers their outlook.
What’s on Vaughan Nelson’s shopping list for value stocks at midyear mark? CEO Chris Wallis talks market dynamics and areas of deep discounts.
This material is provided for informational purposes only and should not be construed as investment advice.
The views and opinions expressed are as of November 2021 and may change based on market and other conditions.
All investing involves risk, including the risk of loss. Investment risk exists with equity, fixed income, and alternative investments. There is no assurance that any investment will meet its performance objectives or that losses will be avoided. Actual results may vary.