DoubleLine Fixed Income Asset Allocation Strategist Ryan Kimmel and Analyst Mark Kimbrough review changing industry leadership in the stock market (0:18) for the week ended Jan. 30. The Bloomberg Aggregate squeaked through with gains (3:39) despite higher rates while risky fixed income sectors turned negative. Commodities (6:50) moved higher, driven almost entirely by energy. The forex markets (9:30) witnessed coordinated intervention by the U.S. and Japan to stave off more yen weakness. The week’s macro news (10:58) was dominated by the Federal Open Market Committee, which Wednesday stayed on hold, followed by Fed Chair Jerome Powell’s news conference, and President Trump’s nomination of Kevin Warsh to succeed Powell as head of the Federal Reserve. For next week’s macro calendar (19:09), Ryan and Mark will be especially interested to see forthcoming labor-market benchmark revisions by the Bureau of Labor Statistics, perhaps even an overhaul of the birth-death model.
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Mr. Kimmel joined DoubleLine in 2013. He is a Strategist on the Macro Asset Allocation team and Fixed Income Asset Allocation (FIAA) and Global Asset Allocation Committees. He also co-hosts DoubleLine’s weekly Minutes (Twitter @DLineMinutes, Minutes@Doubleline.com) podcast. Prior to DoubleLine, Mr. Kimmel was a Proprietary Trader at Gelber Group, trading currencies for the Foreign Currency Group. Prior to that, he was an Investment Banking Analyst in Morgan Stanley’s Mergers and Acquisitions Group. Mr. Kimmel holds a B.A. in Business Economics from the University of California, Los Angeles (UCLA), and holds an MBA from the Anderson School of Management at UCLA.
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.
