Guggenheim CIO touts a 'bond-pickers' market, thinks Fed rate cuts this year a longshot

Anne Walsh, chief investment officer at Guggenheim Partners Investment Management, is ready for the “Fed put” to end.

The “put” has meant that major market shocks over nearly two decades were met by an equally big Federal Reserve response: interest rates cut to almost nothing and a resumption of bond-buying, which is seen as analogous to holding a “put option on the price of stocks at least. While Walsh does see the Fed skipping a June rate hike next week, she also predicts a recession will unfold that isn’t “ginormous” in the third quarter of 2023. However, she doesn’t expect the Fed to cut rates this year, even in a backdrop where stocks and bonds selloff, and a cycle of credit downgrades and defaults kicks in.

“I think in the old adage [that] it’s a stock-picker’s market, well, in this case, it’s a bond-picker’s market,” she said.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

MarketWatch /  🏆 3. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Investors Go Cold on Food StocksAs consumers start to feel stretched, price increases pushed through by packaged-food companies like Campbell Soup and J.M. Smucker might not stick.
続きを読む »