DoubleLine’s Jeffrey Sherman and Samuel Lau welcome political risk expert Lawrence McDonald, a New York Times bestselling author and regular contributor to CNBC, to “The Sherman Show.” Mr. McDonald is the creator of a finance and politics talk show on RealVision and The Bear Traps Report, a research platform with actionable trade ideas, which he serves up in this episode, recorded March 23, 2021. In addition to tips on shaping your portfolio, Messrs. Sherman, Lau and McDonald discuss the possibility of a supply-side squeeze in commodities, the Federal Reserve addressing inequality by a refocus from supporting assets to boosting the labor force and trillions moving out of tech stocks into value stocks. Of that equity shift, Mr. McDonald says, “I’ve never been more certain about a high-conviction thesis than this.” He also anticipates the Democrat-controlled Congress in the fourth quarter will use the reconciliation process to pass another trillion-dollar measure in the form of an infrastructure bill, widening already historic debt. As far as the Fed instituting yield curve control, Mr. McDonald sees it as inevitable while Mr. Sherman is skeptical Fed officials want to go down that slippery slope.
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 firstname.lastname@example.org.
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.