Show from 5/19/23

Join your hosts and Guy LeBas as they delve into the markets this week. Prof. Siegel purports there will be a debt deal, prompting short-covering in the market. Jobless claims showed a suspicious jump attributed to fraud in one state. The upcoming labor market report will be crucial for the Fed's decision in June, with dissent among members possible, depending on its findings. Jeremy Schwartz and Guy LeBas discuss financial markets, focusing on inflation, Treasury yields, and corporate credit. Deposit outflows from banks have slowed, especially in larger regional banks with diverse deposits. The banking sector's valuation outlook is positive, with many banks expected to recover from bond portfolio losses. Listen in to learn more about this Spring’s important macro trends!

Guest:

Guy LeBas is Janney’s Chief Fixed Income Strategist as well as Director of Custom Fixed Income Solutions for Janney Capital Management. As Strategist, he is responsible for providing direction to the Firm’s clients on the macroeconomic, interest rate, and bond market investing climate. Guy authors bond market periodicals, which provide relative value recommendations across the fixed income spectrum. With Janney Capital Management, Guy is responsible for overseeing the Firm’s discretionary managed bond portfolios, which take a client-tailored approach to generating consistent income across interest rate environments.

Learn more at: https://www.janney.com/meet-janney/people/guy-lebas

Follow Guy on Twitter: @lebas_janney