Second Quarter 2024 Quarterly Macro Themes

Quarterly Macro Themes, a quarterly publication by our Macroeconomic Research and Market Strategy Group, explores critical and timely areas of research and updates our baseline views on the economy.

• Easing financial conditions may make assets more susceptible to sudden shifts in risk premiums.
• Strong first quarter corporate earnings reflected recent economic strength, but companies noted that consumers have become  more selective.
• The Federal Reserve (Fed) has suggested that labor market weakness would factor into rate decisions. Further weakness could be a game changer for the economic trajectory and policy response.
• With the Fed on pause until later this year, carry should drive returns, particularly in high quality sectors.

Important Notices and Disclosures

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This material contains opinions of the author or speaker, but not necessarily those of Guggenheim Partners, LLC or its subsidiaries. The opinions contained herein are subject to change without notice. Forward looking statements, estimates, and certain information contained herein are based upon proprietary and non-proprietary research and other sources. Information contained herein has been obtained from sources believed to be reliable, but are not assured as to accuracy. Past performance is not indicative of future results. There is neither representation nor warranty as to the current accuracy of, nor liability for, decisions based on such information. No part of this material may be reproduced or referred to in any form, without express written permission of Guggenheim Partners, LLC.

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Macro Markets Podcast Episode 53: The Wide Opportunity Set in Bonds and Asymmetric Future Fed Policy

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Macro Markets Podcast: Episode #53