Investment Perspectives

In this podcast, Market Strategist Gregory Drahuschak speaks with Guy LeBas, Chief Fixed Income Strategist, and Mark Luschini, Chief Investment Strategist, to discuss the impact of recent COVID-19 vaccine news on the fixed income and equity markets, as well as what to expect from macroeconomic conditions in the weeks ahead.  Topics covered include: The effect of recent COVID-19 vaccine news on the bond market Changes in economic reopening prospects and influence on corporate bonds, particularly in the airline, travel and energy sectors Focus on cyclical sectors in the equity markets both domestically and abroad Forecast for macroeconomic conditions moving forward

In this podcast, Market Strategist Gregory Drahuschak speaks with Guy LeBas, Chief Fixed Income Strategist, and Mark Luschini, Chief Investment Strategist, to discuss the fixed income and equity market landscape post-election. Topics covered include: Post-election environment for fixed income Supply and demand impact of treasury auctions Update on recent economic data Outlook for corporate profits and the equity market  

In this podcast, Market Strategist Gregory Drahuschak speaks with Guy LeBas, Chief Fixed Income Strategist, and Mark Luschini, Chief Investment Strategist, to discuss the election results, specifically how the outcome may influence the fixed income and equity markets. Topics covered include: Importance of private sector growth and capital flows on long term economic prospects Potential impact of economic stimulus and infrastructure spending on fixed income markets Outlook for equity markets before and after election results State of economic recovery and sectors to watch in the months ahead

In this podcast, Market Strategist Gregory Drahuschak speaks with Guy LeBas, Chief Fixed Income Strategist, and Mark Luschini, Chief Investment Strategist, to discuss GDP data and interest rates, as well as the recent volatility in the equity market and economic factors to watch in the coming weeks.     Topics covered include: Relationship between GDP growth and intermediate- to long-term interest rates Current domestic and global backdrop for the equity markets and economy Expectations surrounding near-term volatility

In this podcast, Market Strategist Gregory Drahuschak speaks with Guy LeBas, Chief Fixed Income Strategist, and Mark Luschini, Chief Investment Strategist, to discuss the high yield corporate bond market and factors influencing the economy, including coronavirus, stimulus discussions and election uncertainty. Topics covered include: What to know about the high yield corporate bond market Current risk and reward considerations of high yield bonds The state of the economic recovery Market reaction to stimulus discussions and election uncertainty  

In this podcast, Market Strategist Gregory Drahuschak speaks with Guy LeBas, Chief Fixed Income Strategist, and Mark Luschini, Chief Investment Strategist, to discuss the cause of recent bond buying from overseas as well as the potential impact recent stimulus discussions and new coronavirus cases could have on the economic recovery. Topics covered include: How foreign buyers view the U.S. bond markets Relationship between hedging costs and U.S. yields Recent equity market strength and stimulus discussions back on table New coronavirus cases and potential impact on economic recovery

In this podcast, Market Strategist Gregory Drahuschak speaks with Guy LeBas, Chief Fixed Income Strategist, and Mark Luschini, Chief Investment Strategist, to discuss the latest developments in the fixed income markets, the start of third quarter earnings season, and the state of the economic recovery. Topics covered include: Regulatory restrictions on banks paying dividends and buying back shares What overcapitalization in the banking sector means for the stock market The economic recovery and stimulus updates Short- and long-term expectations for the S&P 500

In this podcast, Market Strategist Gregory Drahuschak speaks with Guy LeBas, Chief Fixed Income Strategist, and Mark Luschini, Chief Investment Strategist, to discuss why long-term interest rates posted their biggest one-day increase in a month, and economic indicators to watch in the coming weeks.   Topics covered include: Three factors that led to an increase in long-term rates on September 30, the end of third quarter The influence election results tend to have on the bond market Sectors to watch if there is an increase in global and domestic economic activity The state of the economic recovery and short-term indicators to watch  

In this podcast, Market Strategist Gregory Drahuschak speaks with Guy LeBas, Chief Fixed Income Strategist, and Mark Luschini, Chief Investment Strategist, to discuss factors driving the recent short-term equity market volatility, and economic areas to watch in the months ahead. Topics covered include: What’s keeping interest rates in such a narrow range Factors that may move the equity market as we move toward the election What recent economic data is telling us about the recovery The U.S. dollar and recent weakness in gold prices

In this podcast, Market Strategist Gregory Drahuschak speaks with Guy LeBas, Chief Fixed Income Strategist, and Mark Luschini, Chief Investment Strategist, to discuss the Federal Reserve’s latest policy statement, as well as an update on economic data, fiscal stimulus and extension of unemployment benefits. Topics covered include: The Fed’s decision to keep short-term interest rates unchanged at near zero What to know about average inflation targeting Update on economic data, including recent retail sales number Expectations for fiscal stimulus and extension of unemployment benefits

In this podcast, Market Strategist Gregory Drahuschak speaks with Guy LeBas, Chief Fixed Income Strategist, and Mark Luschini, Chief Investment Strategist, to discuss utilizing bonds for portfolio diversification in the current environment, and the potential impact on the stock market if a deal is not reached for additional government stimulus. Topics covered include: Portfolio diversification and correlation between bond and stock prices Valuation expectations and return to normalization Potential market reaction if there is no additional government stimulus

In this podcast, Market Strategist Gregory Drahuschak speaks with Guy LeBas, Chief Fixed Income Strategist, to discuss the influence the Federal Reserve has on the bond market and why it matters for investors. Topics covered include: Why do bond markets care so much about the Federal Reserve? Why does the Fed’s average inflation targeting policy carry so much importance? What else matters for the bond markets other than the Fed right now?

In this audio update, Market Strategist Gregory Drahuschak speaks with Mark Luschini, Chief Investment Strategist, to discuss the Federal Reserve’s shift in monetary policy related to inflation targeting, as well as how it might impact the economy and markets moving forward. Topics covered include: Market buying power and technology sector Federal Reserve shift on inflation targeting Dovish shift in monetary policy Unemployment benefits and need for additional stimulus

In this audio update, Market Strategist Gregory Drahuschak speaks with Guy LeBas, Chief Fixed Income Strategist, and Mark Luschini, Chief Investment Strategist, to discuss what to know about the recently released Fed minutes as well as how fiscal and monetary stimulus can continue to stimulate a recovery. Topics covered include: Federal Reserve policy expectations for forward guidance and yield curve control Update on investor sentiment Expectations for future economic activity

In this audio update, Market Strategist Gregory Drahuschak speaks with Guy LeBas, Chief Fixed Income Strategist, and Mark Luschini, Chief Investment Strategist, to discuss the relationship between real and nominal interest rates and the economy, as well as the latest developments in the equity markets, including the disparity in market sentiment.   Topics covered include: Real versus nominal interest rates Mismatch between market sentiment and economic activity Equity market valuations and corporate profit growth Improving economic activity in the U.S. and abroad

In this audio update, Market Strategist Gregory Drahuschak speaks with Guy LeBas, Chief Fixed Income Strategist, and Mark Luschini, Chief Investment Strategist, to discuss long-term yields, the state of the economic recovery, and the upcoming employment report.   Topics covered include: Analysis of long-term interest rates Impact of the Federal Reserve and inflation on yields Second quarter GDP and job growth   Significance of the upcoming employment report

  In this audio update, Market Strategist Gregory Drahuschak speaks with Guy LeBas, Chief Fixed Income Strategist, and Mark Luschini, Chief Investment Strategist, to discuss the impact of inflation and deflation on bonds as well as the current equity market conditions with a focus on stock valuations and earnings growth. Topics covered include: Deflation and inflation in the current economic environment Potential for a bullish climate in the equity market The influence of the technology sector on the market performance

In this audio update, Market Strategist Gregory Drahuschak speaks with Guy LeBas, Chief Fixed Income Strategist, and Mark Luschini, Chief Investment Strategist, to discuss fiscal support by the European Central Bank, as well as the outlook for the economy and equity markets in the U.S. Topics covered include: European Central Bank programs to support the Eurozone Impact of monetary and fiscal stimulus domestically and abroad Current economic conditions

In this audio update, Market Strategist Gregory Drahuschak speaks with Guy LeBas, Chief Fixed Income Strategist, and Mark Luschini, Chief Investment Strategist, to discuss the fixed income market, equity market developments, and economic trends for the months ahead. Topics covered include: The influence of the Federal Reserve in the bond market Stock market outlook in light of the increase in coronavirus cases The secular growth characteristics of the technology sector

In this audio update, Market Strategist Gregory Drahuschak speaks with Guy LeBas, Chief Fixed Income Strategist, and Mark Luschini, Chief Investment Strategist, to recap the first half of the year, and provide their outlook and expectations for the remainder of 2020.  Topics covered include: Review of the fixed income market this year The search for yield in credit markets Outlook for the economy and equity markets for the remainder of the year