Forward Guidance cover image

The Recession Paradox | Alfonso Peccatiello

Forward Guidance

00:00

Bonds Perform Flatishly in a Disinflation

Bonds have been kind of flatish for the year. And obviously, 2022 was a huge bear market for bonds. I think it's growth as surprised to the upside as in we entered the year with expectations that non-farm payroll would print flat in a few months,. So you have growth surprising on the upside. Most importantly, you had the Fed, which really fought hard and successfully so in reprising away the market from this idea they would cut very soon.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app