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DoubleLine Podcasts

MMM Episode 26: July 26-30 Recap, Question of the Week and Outlook

DoubleLine’s Jeff Mayberry and Samuel Lau shrug off Jeff’s summer vacation sniffles to cover the July 26-30 market week, the last week in July (thanks, Myla!). The S&P 500 finished up for the month despite a lagging energy sector, which is still up big on the year. The Agg was up 1% on the month, and the broad commodity market was up 2%. On the macro front, the week delivered a mixed bag of data with home prices way up, another nothing burger from the FOMC and some positive prints greeted with disappointment. For the Question of the Week* (starts at 17:40), Jeff and Sam discuss preferred stocks as a source of income. They break down how “preferreds” function relative to common stock, review their poor performance during the GFC and 2020, and weigh them as a fixed income alternative. Looking ahead to the week of Aug. 2-6, Jeff and Sam expect a quiet week but are a loath to say it.

*Jeff and Sam note that the $1 trillion threshold has been broken by the overnight reverse repurchase facility, a topic raised during the Episode 18 QoW (June 1-4) found here: https://doubleline.com/podcast/monday-morning-minutes-recap-of-the-june-1-4-market-week/

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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