2020 Economic & Market Outlook
February 13, 2020 ~ 2:00 PM (ET)
In 2019, the consensus view was that the bull market in bonds was coming to an end. Short- and long-term interest rates were expected to rise throughout the year. Instead, growth and inflation underwhelmed, and the Federal Reserve surprised the markets by reducing the Fed funds rate three times. And further out on the curve, the 10-year Treasury benchmark yield declined by almost 100 basis points.
Similar to this past year, the markets will face heightened levels of volatility and unexpected surprises on the economic and political fronts in 2020.
With the fiscal stimulus fading, will the economy finally surrender to the often discussed and long overdue recession? If so, what will the Fed do? Where will rates go? Or conversely, if the economy accelerates leading to higher inflationary pressures will the Fed surprise the markets and actually hike rates? In other words, have interest rates bottomed?
In addition to the economic ambiguity, how will the markets adjust to a what is expected to be an extremely divisive and hostile political backdrop? Will the political uncertainties negatively impact the economy and markets?
In this session, we will discuss the above and provide our outlook on the economy and interest rates. We will also provide portfolio strategy guidance while highlighting sectors and securities that we deem attractive.
What you will learn:
Outlook on the 2020 U.S. economy and interest rates
- What to be prepared for with the upcoming changes to the international and domestic economic landscapes
- Portfolio strategy guidance for 2020
Tom Slefinger, Senior Vice President, Institutional Fixed Income Sales, Alloya Investment Services
Tom’s primary role is to develop and manage operations associated with Institutional Fixed Income Sales with ISI. In addition to providing strategic direction, Tom is heavily involved in analyzing portfolios, developing investment portfolio strategies and identifying appropriate sectors and securities. The ultimate goal of this activity is to optimize investment portfolio performance at the credit union level. In total, Tom has more than 32 years of combined success in fixed income analysis, trading and portfolio risk management. He has a proven track record of delivering superior investment performance across domestic and international fixed income funds.
All securities are offered through CU Investment Solutions (ISI), LLC, member FINRA/SIPC. View Disclosure