DoubleLine Portfolio Manager Jeff Mayberry and Analyst Mark Kimbrough discuss the market week ended Oct. 23, including what could end up being a mini-run for tech stocks and a bond market acting as a safe haven (3:42), with commodities (6:38) rounding out what was a volatile week across asset classes that ended relatively flat all around. It was a light week in Macro Land leading into next week’s FOMC meeting, including some unsurprising labor numbers (9:20) and another firm S&P Global U.S. PMI report (10:10) in which inflation is a noticeable issue. Aside from Fed Day, which the market does not expect to deliver a rate hike, next week (15:39) will bring durable goods and home price data as well as the latest PCE print.
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Mr. Mayberry joined DoubleLine in 2009. He is a Portfolio Manager on DoubleLine’s Strategic Commodity Strategy while working in portfolio management and trading for derivatives‐based and multi‐asset strategies. Mr. Mayberry is a Strategist on the Fixed Income Asset Allocation (FIAA) committee and a contributing member on our Global Asset Allocation committee. He also co-hosts DoubleLine’s weekly “Minutes” podcast (X @DLineMinutes, Minutes@Doubleline.com). Prior to DoubleLine, Mr. Mayberry was a Senior Vice President at TCW for nine years within the Mortgage Group, where he specialized in portfolio and fund monitoring and analytics. He holds a B.S. in Engineering from Harvey Mudd College and an M.S. in Financial Engineering from the Peter F. Drucker Graduate School of Management at Claremont Graduate University.
Mr. Kimbrough joined DoubleLine in 2012, working primarily on Agency Mortgage-Backed Securities and the Fixed Income Asset Allocation process as a member of the Risk Analyst team. He transitioned in 2019 to his current role as an Analyst on the Macro Asset Allocation team. Mr. Kimbrough also co-hosts DoubleLine’s weekly “Minutes” podcast (X @DLineMinutes, Minutes@Doubleline.com). Prior to DoubleLine, Mr. Kimbrough was at WAMCO, working on systems monitoring and development within the Risk Department. He holds a B.S. 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.
