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DoubleLine Podcasts

MMM Episode 24: July 12-16 Recap, Question of the Week and Outlook

DoubleLine’s Jeff Mayberry and Samuel Lau in their review of the July 12-16 market activity observe that the S&P 500 finished down 1% for the week, with most of that decline arriving Friday. Small caps got crushed relative to everything. The Agg finished up for the third week in a row, and commodities closed up despite energy’s poor performance. On the macro front, headline and core CPI were up, with Jeff and Sam noting the window is lengthening for what some market observers call “transitory” inflation. For the Question of the Week, they explain the term “bear flattener” and how it relates to the economy (starts at 18:43). For the week of July 19-23, Jeff and Sam hope for a sleepy summer week as the FOMC goes dark, and they expect positive LEI and PMI readings. This edition of Monday Morning Minutes was recorded after market close July 16, 2021.

The views and opinions expressed herein are as of the date recorded and should not be construed as an offer to buy or sell any securities. Such views/opinions may differ from those of DoubleLine Capital or other of its affiliates and are subject to change without notice. DoubleLine has no obligation to provide any updates or changes. The following audio presentations represent DoubleLine’s intellectual property. No portion of these presentations may be published, reproduced, transmitted or rebroadcast in any media in any form without the express written permission of DoubleLine. DoubleLine has no obligation to provide any updates or changes. To receive permission from DoubleLine please contact [email protected].

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