DoubleLine Portfolio Manager Eric Dhall and Analyst Mark Kimbrough survey a Friday-the-Thirteenth week for stocks (:033) and bonds (1:56) with commodities managing to end the week ended Dec. 13, 2024, in positive territory despite a rally in the dollar. For the week’s macro news (5:48), Mark Kimbrough notes an improvement in small business sentiment on hopes of lower taxes, easing regulation and inflation relief. He also discusses in-line consumer price index and stronger-than-expected producer price index readings for November. For their Topic of the Week (16:00), Eric Dhall discusses DoubleLine’s inflation model, which forecasts inflation in the 2% zone in 2025, provided energy prices remain tame. Looking ahead (18:47) to the week of Dec. 16-20, in addition to an expected rate cut and release of economic projections by Federal Open Market Committee (Wednesday), Eric and Mark will be on watch for S&P Global purchasing manager surveys for the manufacturing and services sectors of the U.S. economy (Monday), retail sales (Tuesday), third GDP estimate for 3Q2024 (Thursday) and personal income, personal spending and PCE price index (Friday).
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Mr. Dhall joined DoubleLine in 2013. He is a Portfolio Manager on the Macro-Asset Allocation team where he works with portfolio management performing analysis and trading for derivatives-based and multi-asset strategies. Mr. Dhall’s research and analysis has contributed to the team’s development of DoubleLine’s smart-beta suite of strategies. Prior to DoubleLine, he worked at Capital Group performing quantitative analysis in fixed income. Prior to Capital Group, Mr. Dhall was an instructor in finance at the UCLA Anderson School of Management and a research instructor at the UCLA Samueli School of Engineering. Previous to that, he worked in International Finance at Gulf Machinery Company. Mr. Dhall holds a B.S. in Physics with a secondary emphasis in Business from the University of California, Berkeley and an M.S. in Financial Engineering from the UCLA Anderson School of Management.
Mr. Kimbrough joined DoubleLine in 2012, where he worked primarily on Agency Mortgage Backed Securities and the Fixed Income Asset Allocation process as a member of the Risk Analyst team. He transitioned to his current role in 2019 where he serves as an Analyst on the Macro Asset Allocation team. Prior to DoubleLine, Mr. Kimbrough was at Western Asset Management working on systems monitoring and development within the Risk Department. He holds a BS in Business Administration with a concentration in Real Estate Finance and a minor in Economics from the University of Southern California. Mr. Kimbrough is a CFA® charterholder.
