Quantitative easing has benefited from global macro events and appears likely to continue for the rest of the year. Markets, though, will continue to anticipate how the current policies will...
Global CIO Scott Minerd joins Maria Bartiromo live from the 2013 Milken Global Conference.
While leveraged credit is far from the bargain it was four years ago, discussions of a bubble are premature at this point.
Scott Minerd guides Guggenheim's investment strategies, helps clients construct portfolios and leads a research group focused on global economic trends. Mr. Minerd guides Guggenheim's views on global developments, including geopolitical issues, monetary and fiscal policies and changes in the regulatory landscape. He is regularly featured on CNBC, Bloomberg News and Fox Business News.
As of April 2013, Mr. Minerd's views include:
U.S. economic data is steadily improving, indicating economic expansion is likely to continue.
The excess inventory in the U.S. housing market should be absorbed by 2015, and rising home prices will continue to support GDP growth.
Domestic equity indexes are likely to experience a correction in the near-term, but this will not derail the longer-term bull market in stocks.
Despite occasional periods of widening, credit spreads will likely continue to tighten as the economy grows. Default rates will remain low.
Given the ongoing recession and renewed concerns over sovereign risks in Europe, a depreciation of the euro is likely as eurozone countries seek to boost export competitiveness.