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DoubleLine Podcasts

MMM Episode 21: Recap of the June 21-25 Market Week

DoubleLine’s Jeff Mayberry and Samuel Lau cap off the first week of summer – and the last full week of the first half of the year – reviewing a week-over-week reversal for June 21 through 25 as most of the markets ended up, including an all-time high for the S&P 500 Index. Commodities also were in the green for the most part in the run-up to this week’s crop report, leading to talk of the 1983 Eddie Murphy classic “Trading Places,” in which the report plays a big role. Jeff and Sam give two thumbs up, but no $1 bets are made. For the question of the week (starts at 14:53), Jeff and Sam field a multipart question on the impact of the Fed hiking the interest on excess reserves (the announcement was covered in the previous episode). Topics discussed include how the hike eases downward pressure on short-term interest rates, what it would mean if the overnight reverse repurchase agreement facility went over $1 trillion and if the policy move is a sort of stealth taper (Jeff and Sam say no).

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].

Neither DoubleLine nor any of its affiliates makes any representation or warranty as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed.

DoubleLine is not providing any financial, economic, legal, accounting or tax advice in these podcasts. The receipt of these podcasts by any listener is not to be taken as constituting the giving of investment advice by any DoubleLine entity or individual to that listener, nor to constitute such person a client of any DoubleLine entity. The portfolio risk management process includes an effort to monitor and manage risk, but does not imply low risk.

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