Jeff Sherman, Deputy CIO of DoubleLine Capital, joins The Julia La Roche Show for episode 140 to break down the first FOMC meeting of 2024 and his outlook for the economy and the markets, inflation, and more.
Takeaways
- The FOMC meeting indicated that interest rate cuts may be on the horizon, but the timing and extent of the cuts are uncertain.
- Positive real yields in the bond market offer attractive investment opportunities, especially compared to the volatility of the equity market.
- The current economic outlook is relatively positive, but there are risks to consider, such as potential inflation and the impact of interest rate policy.
- Investors should be cautious and evaluate the risks associated with their investments, considering factors such as inflation, market volatility, and the potential for economic downturns.
Timestamps:
00:00 Introduction and welcome
01:00 FOMC meeting reaction
05:27 QT
11:20 Positive real yield investment opportunities
14:50 Stocks vs. bonds
20:00 Economic outlook
30:00 Value threshold is higher
32:30 Inflation
39:00 Risks
Links:
Twitter/X: https://twitter.com/DLineCap and https://twitter.com/ShermanShowPod
DoubleLine Capital: https://doubleline.com/
Podcast: doubleline.com/podcasts/
