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The Fed vs. Fundamentals

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Manage episode 341933282 series 3397823
Content provided by Merganser Capital Management. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Merganser Capital Management or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Financial market performance and economic fundamentals were at odds in Q2 2020. Markets rallied hard despite continued deterioration in the underling fundamental data, both at the company level and in the broader economy. The single most important reason for the divergence was Fed intervention. Since the last podcast three weeks ago, markets took on a more “risk off” tone in equities and rates while investment grade spreads held in much better.

  continue reading

19 episodes

Artwork
iconShare
 
Manage episode 341933282 series 3397823
Content provided by Merganser Capital Management. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Merganser Capital Management or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Financial market performance and economic fundamentals were at odds in Q2 2020. Markets rallied hard despite continued deterioration in the underling fundamental data, both at the company level and in the broader economy. The single most important reason for the divergence was Fed intervention. Since the last podcast three weeks ago, markets took on a more “risk off” tone in equities and rates while investment grade spreads held in much better.

  continue reading

19 episodes

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