Weekly View from the Desk
Evergrande Stumbles Over Three Red Lines
In this episode, Mike Collins welcomes Chief Economist Nathan Sheets and Chief Investment Strategist Robert Tipp for an analysis of the economic, market, and political journey experienced over the past year, as well as a forward-looking conversation on what investors can expect as the recovery continues. The trio also discusses the pace and magnitude of the recovery thus far, including support in terms of economic fiscal stimulus and private sector innovations. After discussing our constructive outlook for 2021, the episode concludes with our thoughts on what's to come in the years ahead. Listen now to hear the potential investment implications for active, fixed income investors.
Recapping the Current Market Environment: 0:00
Macroeconomic Backdrop and Current Optimism for 2021: 7:30
PGIM Fixed Income’s Global GDP Forecasts: 10:35
Macro and Interest Rates Outlook for Next Five Years: 12:00
Credit Market Opportunities and Outlook: 17:45
Risks of Another 2013 Taper Tantrum?: 21:30
Other Potential Global Policy Risks: 24:00
Lessons Learned from 2020 from Nathan Sheets: 31:00
Tipp’s Investment Takeaways from the Past Year: 34:00
Investment Opportunities Going Forward: 36:00
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Fixed income investments are subject to interest rate risk, where their value will decline as interest rates rise.
Actively managed portfolios may carry additional risks, such as analyses performed cannot always predict outcomes, that the investment techniques applied do not have the expected results, and that external factors can change the course of investment performance. The fees associated with active management may be higher than those associated with passive strategies.
Fixed income is a unit of PGIM, a registered investment advisor and a Prudential Financial company. © 2021 Prudential Financial, Inc. and its related entities. PGIM and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact a financial professional.
This podcast is for Financial Professional Investors only.
1046015-00001-00 Ed. 03/2021
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