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DoubleLine Podcasts

MMM Episode 57: First Fed Hike Arrives as Nickel Drama Continues

After reviewing market and macro news for the week of March 14-18, DoubleLine’s Jeff Mayberry and Samuel Lau cover the March Federal Open Market Committee Meeting (FOMC), which brought a summary of economic projections and expected hike of 25 basis points (14:07). Topics discussed include updated projections, Fed Chair Jerome H. Powell’s prepared remarks and plans for reducing the balance sheet (21:59) and Powell’s performance in the Q&A segment and his perfect answer of “none whatsoever” to one reporter (23:18).

The week of March 14-18 delivered St. Patrick’s Day, March Madness and a strong performance for U.S. equities pretty much across the board (1:59). On the fixed income side, there was some yield curve flattening, with the spread between the two- and 10-year yields narrowing (4:10). Commodities were down for the week but still the best-performing asset class on the year (7:58), and Jeff and Sam check in on the LME market for nickel covered in last week’s episode*: It’s still dysfunctional. Looking ahead to next week, PMI numbers get a new moniker, and cooling is expected for home sales and durable goods (37:10).

*MMM Episode 56: A Wild Week for Nickel and a Bailout for Big Shot

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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