DoubleLine Deputy CIO Jeffrey Sherman joins Jonathan Ferro and Lisa Abramowicz on Bloomberg’s “Surveillance” on June 24 to dissect mounting risks in the U.S. Treasury market amid fiscal uncertainty and political pressure. Mr. Sherman critiques the unsustainable trajectory of federal deficit spending and questions the long-term viability of current monetary policy, especially in light of calls for aggressive interest rate cuts. He explores the implications of inflationary pressures, the erosion of flight-to-quality behavior and the potential consequences of continued fiscal stimulus, all while highlighting the Federal Reserve’s delicate balancing act in a politically charged environment.
Mr. Sherman also weighs in on the broader macroeconomic landscape, including the credit market’s vulnerability, a global shift in capital flows and the geopolitical ramifications of U.S. trade and tariff policies. In addition, he warns of the downstream effects of disrupting financial orthodoxy, particularly if foreign capital retreats from the U.S., and shares his thoughts on the Fed’s internal dynamics, including the next Fed chair, and the labor market’s resilience.
Jeffrey Sherman, DoubleLine’s Deputy Chief Investment Officer, is a thought leader, portfolio manager and public speaker in the industry. Mr. Sherman is a member of DoubleLine’s Fixed Income and Global Asset Allocation committees, and he serves as lead portfolio manager for the firm’s multi-sector and derivative-based strategies. In his role, Mr. Sherman guides the investment teams in developing top-down macro views and collaborative asset allocation processes throughout a market cycle. Additionally, he is a member of DoubleLine’s Executive Management Committee. In 2018, Money Management Executive named Mr. Sherman as one of “10 Fund Managers to Watch” in its yearly special report. Prior to joining DoubleLine in 2009, Mr. Sherman was a Senior Vice President at TCW, where he worked as a portfolio manager and quantitative analyst focused on fixed income and real-asset portfolios. Prior to that, he was a statistics and mathematics instructor at the University of the Pacific and Florida State University. Mr. Sherman taught Quantitative Methods for Level I candidates in the USC/CFALA CFA® Review Program for many years. He holds a B.S. in Applied Mathematics from the University of the Pacific and an M.S. in Financial Engineering from Claremont Graduate University. Mr. Sherman is a CFA® charterholder.
