FICC Focus Macro Matters: Secular Macro Trends With Invesco’s Brian Levitt
Aug 7, 2025
Join Brian Levitt, Global Market Strategist at Invesco, as he explores macroeconomic trends alongside experts Ira Jersey and Will Hoffman. They discuss how technology raises living standards despite fears, and the short-term dynamics of inflation. Levitt emphasizes strategic investment amidst uncertainty, highlighting alternatives to the 60-40 portfolio model. The conversation touches on global market strategies and innovative sectors like healthcare, urging listeners to rethink asset allocation and navigate inflation risks effectively.
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US Economy: Slowdown Not Recession
- The US economy is slowing but still resilient, not heading into recession.
- Current slowdown is linked to policy uncertainty, not fundamental weakness.
Inflation Seen as Price Shock
- Inflation pressures reflect a price shock, not broad-based inflation.
- Bond markets signal slowing economy and expect Fed to lower rates next.
Global Growth Slowing, New Opportunities
- Global leading indicators point to below-trend growth due to trade tensions.
- U.S. mega caps thrive in slower growth; narrowing rate differentials hint at opportunities outside the U.S.