51 episodes
The Portfolio Fix with AAM AAM
-
- Business
-
-
5.0 • 7 Ratings
-
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes. For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
-
AAM's 2024 Outlook - After the Recession That Never Was
In this episode of The Portfolio Fix, AAM's CIO Reed Nuttall speaks with each of the asset class sector heads about their expectations for 2024.Introduction - Reed Nuttall, Chief Investment Officer1:10 - Marco Bravo, Senior Portfolio Manager: Discussion of the economy in 2023 and AAM’s economic outlook for 20246:25 - Elizabeth Henderson, Director of Corporate Credit: Conversation about AAM’s 2024 outlook for the corporate credit sector11:35 - Scott Edwards, Director of Structured Products: Di...
-
A Dovish Fed and a Healthy Consumer – What’s Not to Like? A Couple Items Actually
In this episode of The Portfolio Fix, Marco Bravo digests the Fed’s recent statement and press conference and why the Treasury market is interpreting Chairman Powell’s comments as supportive of several rate cuts in 2024. Mike Ashley then describes that while the consumer is still healthy, he is monitoring several deteriorating items that suggest the wellbeing of the consumer likely will not be as robust as it was in 2023. This episode was recorded on 12/1/23 and 12/14/23.Sources: B...
-
AAM's 2024 Growth Outlook for the Economy and Technology
In this episode of The Portfolio Fix, Marco Bravo highlights AAM's 2024 economic growth forecast and why we think the Fed will not cut as much as market consensus. Garrett Dungee describes why the Technology sector remains cyclical despite the diversification of its customer base over the past decade. He also details the secular trends that should lead to growth well in excess of broad economic activity through the end of the decade.Sources: AAM, Bloomberg, Bureau of Economic Anal...
-
Secular Changes in Media Expected to Create Investment Opportunities
In this episode of The Portfolio Fix, Marco Bravo describes why Fed policy and continued labor strength is behind the recent volatility in the Treasury market. Elizabeth Henderson explains the secular changes taking place to business models in the media sector, and how that affects content, advertising, revenue streams and ultimately company creditworthiness. This episode was recorded on 10/23/23 and 11/10/23.Credits discussed were chosen to depict AAM’s security selection process and a...
-
A Confident Consumer and Sticky Inflation Means Higher for Longer
In this episode of The Portfolio Fix, Marco Bravo talks about what is behind the economy’s resiliency and why the Treasury curve is likely to remain elevated for the next year. Andy Bohlin explains what is behind the weakness in the Utility sector, how that has created volatility and why there are now opportunities in a traditionally defensive sector. This episode was recorded on October 27, 2023.Source: Blue Chip Economic & Financial Indicator, Bureau of Economic Analysis, Departme...
-
Recession Still a Distinct Possibility, but Oil Prices Unlikely to be the Catalyst
In this episode of The Portfolio Fix, Elizabeth Henderson reviews the recent Moody's Corporate Credit roundtable in which she participated. She highlights the resilient investment grade and high yield markets but points out two risks highlighted by other panelists - the private credit market and higher oil prices. Patrick McGeever explains why oil prices are at elevated levels and details why he does not believe oil will sustainably rise above $100 per barrel in 2024. This episode was recorde...