Market Matters from New York Life Investment Management

Congress is teed up for the next round of debt ceiling discussions. In this episode, Lauren Goodwin and Julia Hermann provide an update on why this year’s debt ceiling debate is so contentious, and reprise their January episode describing the broader debt sustainability backdrop.

Two currencies sit at the center of the de-dollarization narrative: the USD, and the Chinese Renminbi. Lauren Goodwin and Julia Hermann discuss what exactly it takes for a country to build a reserve currency, and why they do not see the Renminbi as a credible competitor to the Dollar on a multi-decade timeline. 

There’s been much noise about the end of the dollar, but we’re not convinced. Lauren Goodwin and Julia Hermann dive in to why the de-dollarization is seeing a resurgence, exactly what it takes to achieve reserve currency status, and why they believe the USD will be the preeminent global reserve currency for decades to come. 

Lauren Goodwin and Julia Hermann discuss cash: why there’s been a huge inflow into money market funds, what bond volatility can tell us about recession expectations, and why there’s so much chatter about the end of the dollar. Tune in also for a discussion of fixed income strategies that might be more compelling than going to cash during times of high inflation and volatility. 

Strategists Julia Hermann and Michael LoGalbo team up to provide a status update on the banking sector and implications for portfolios. They check in on their team’s initial scenarios for the banking sector and economy and discuss likely paths forward, as well as how these outcomes can affect key investment themes. 

Julia Hermann is joined by Mark Kehoe, Portfolio Manager and Credit Analyst at MacKay Shields, to discuss what’s next for banks after tumult in the sector in the U.S. and Europe. Tune in for a discussion of the outlook for monetary policy, regulation, and lessons learned in the wake of recent bank failures. 

Julia Hermann is joined by Steve Friedman, Managing Director and Macro Economist at MacKay Shields, for a discussion of what caused the failure of Silicon Valley Bank, what the regulatory response means for broader policy, and how select pockets of stress in the banking sector have affected the economic outlook moving forward. 

In the first ever Agent Spotlight special episode, Lauren Goodwin and Julia Hermann host New York Life agent Armando Jimenez, a top producer of both insurance and investment products out of Fresno, California. Armando shares his approach to building his practice, client service during challenging market environments, and the values that guide him through the busy day-to-day. 

Last year was one of the worst for the 60/40 portfolio. In this episode, host Lauren Goodwin and Portfolio Strategist Michael LoGalbo share how it can be adjusted for a new macroeconomic regime.

Julia Hermann flips the mic on Lauren Goodwin this week. Lauren’s been on the road with clients and sales partners, and shares her take on the market mood and what is resonating most in the field.