In this episode of The Portfolio Fix, AAM’s CIO Reed Nuttall and the sector heads of each of our asset classes provide our expectations for 2023. We discuss our views on the U.S. economy along with each of the fixed income markets. The episode is approximately 30 minutes long and in the words of Reed – we are cautious heading into the new year but looking to be opportunistic.
Sources: Bureau of Labor Statistics, Bloomberg, Blue Chip Forecasts, Bloomberg Barclays Index, National Association of Realtors, Bond Buyer, Citigroup, Thompson Reuters Municipal Index, B of A Global Research, ICE B of A Merrill Lynch Convertible Research
Economic Overview – 1:37 – Marco Bravo, Senior Portfolio Manager
Corporate Credit – 6:17 – Elizabeth Henderson, Director of Corporate Credit
Structured Products – 9:51 – Scott Edwards, Director of Structured Products
Municipals – 13:11 – Greg Bell, Director of Municipal Bonds
High Yield – 17:00 – Patryk Carwinski, Portfolio Manager
Convertible Bonds – 21:00 – Tim Senechalle, Senior Portfolio Manager
Equities – 27:30 – Pete Wirtala, Insurance Strategist
Outlook – 30:41 – Reed Nuttall, Chief Investment Officer
This episode was recorded on January 31, 2023. Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
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