Forward Guidance
Mike Green & Bob Elliott: "Hard Landing" In Store For Economy In 2024
Oct 12, 2023
Bob Elliott, CIO at Unlimited Funds, and Mike Green, Chief Strategist at Simplify Asset Management, discuss the late cycle slowdown coming in 2024. They cover topics such as the impact of passive investing, the relative value of bonds vs stocks, and the signals delinquencies are giving regarding credit. They also explore the potential results of geopolitical conflict on investments like Bitcoin, gold, and bonds, and whether the Fed will cut rates in 2024.
01:28:19
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Quick takeaways
- Treasury Inflation-Protected Securities (TIPS) offer attractive real yields and can provide a favorable risk-return profile in a weakening economy.
- Gold is viewed as a diversifying asset that can act as a hedge against inflation and currency devaluation in uncertain economic conditions.
Deep dives
TIPS as an attractive asset
Treasury Inflation-Protected Securities (TIPS) are considered attractive due to their relatively high real yields, providing a 2.5% to 3% return. The long-term real return on TIPS is seen as a compelling opportunity in an economy that is expected to weaken and potentially face a recession. In this context, TIPS can offer a favorable risk-return profile for savers.
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