Market Matters from New York Life Investment Management

Lauren Goodwin and Julia Hermann discuss cash: why there’s been a huge inflow into money market funds, what bond volatility can tell us about recession expectations, and why there’s so much chatter about the end of the dollar. Tune in also for a discussion of fixed income strategies that might be more compelling than going to cash during times of high inflation and volatility. 

Strategists Julia Hermann and Michael LoGalbo team up to provide a status update on the banking sector and implications for portfolios. They check in on their team’s initial scenarios for the banking sector and economy and discuss likely paths forward, as well as how these outcomes can affect key investment themes. 

Julia Hermann is joined by Mark Kehoe, Portfolio Manager and Credit Analyst at MacKay Shields, to discuss what’s next for banks after tumult in the sector in the U.S. and Europe. Tune in for a discussion of the outlook for monetary policy, regulation, and lessons learned in the wake of recent bank failures. 

Julia Hermann is joined by Steve Friedman, Managing Director and Macro Economist at MacKay Shields, for a discussion of what caused the failure of Silicon Valley Bank, what the regulatory response means for broader policy, and how select pockets of stress in the banking sector have affected the economic outlook moving forward. 

In the first ever Agent Spotlight special episode, Lauren Goodwin and Julia Hermann host New York Life agent Armando Jimenez, a top producer of both insurance and investment products out of Fresno, California. Armando shares his approach to building his practice, client service during challenging market environments, and the values that guide him through the busy day-to-day. 

Last year was one of the worst for the 60/40 portfolio. In this episode, host Lauren Goodwin and Portfolio Strategist Michael LoGalbo share how it can be adjusted for a new macroeconomic regime.

Julia Hermann flips the mic on Lauren Goodwin this week. Lauren’s been on the road with clients and sales partners, and shares her take on the market mood and what is resonating most in the field. 

The Fed’s dual mandate might hold the key to understanding the recent relief rally. Lauren Goodwin and Julia Hermann dive into their report card on the Fed’s goals of prices stability and maximum employment.  

Lauren Goodwin and Julia Hermann provide a live look in the midst of Q4 earnings season and relate corporate reporting to macro developments. 

International assets from Europe to China have seen a strong rally over the past few months. In this episode, Lauren Goodwin and Julia Hermann put together the pieces contributing to the positive shift in sentiment and performance, and what global macro conditions may cause them to fade.  

The market has started 2023 off strong – but is it a temporary bear market rally or a more durable soft landing? In this episode, Lauren Goodwin and Julia Hermann discuss the shift in market drivers this year and investment strategies that can suit periods of macro uncertainty. 

Last week, the U.S. hit its debt ceiling. In this episode, Lauren Goodwin and Julia Hermann discuss what the new debt ceiling negotiation may mean for the markets, and the outlook for U.S. debt sustainability. 

While the coming year is full of uncertainty, we’ve observed that much of the financial community is hugging consensus views around inflation, interest rates, and the likelihood of recession. In this episode, Lauren, Julia and Michael discuss three “black swan” risks that have the potential to disrupt investor consensus.

In the early days of the pandemic, the Fed responded to severe market dislocations by announcing new corporate bond buying programs to stabilize the market. That choice has now led investors to question whether the Fed’s support of the market could be implied in future crises. Steven Friedman and Michael Depalma of MacKay Shields have recently published groundbreaking research on this question. La...

As we ring in the new year, Lauren, Julia and Michael present their 2023 investing resolutions. 

Many investors have forecast recession for next year. In this episode, our strategists share their high-conviction buys as the cycle turns. 

Lauren Goodwin, Julia Hermann, and Michael LoGalbo discuss part two of their 2023 Outlook. Recession looks likely for 2023 – what does it mean for investment positioning?

Lauren Goodwin, Julia Hermann, and Michael LoGalbo launch their 2023 Outlook – “Steady through the cycle: the new recession playbook.” They discuss the 3 drivers that set this cycle apart – stubborn inflation, policy pullback, and heightened geopolitical risk premia – and how these shifts might also be structural in nature. 

The midterm elections have come and gone, but leave lasting implications for policy. Lauren Goodwin and Julia Hermann host special guests Whytne Brooks and Jennifer Taft from New York Life’s Office of Governmental Affairs to discuss the election results and policy shifts that might affect investments going forward.  

Lauren and Julia host special guest Frances Lewis, Senior Managing Director and Portfolio Manager at MacKay Municipal Managers, to discuss all things municipal bonds (munis): how the outflow cycle contrasts with fundamentals, what the midterm elections mean for opportunities in munis, and the path forward. 

Third quarter earnings season is coming to a close, and results have been just as mixed as this economy feels. This week on the podcast, host Lauren Goodwin and special guest Michael LoGalbo look under the hood to assess winners and losers, and how investors can position accordingly. 

Economic activity came in strong in the third quarter – so why does it feel like the U.S. economy is already in recession? Lauren Goodwin and Julia Hermann discuss the economic growth outlook and their preferred investment strategies for the mixed macro environment. 

Market volatility has been rampant, but the lowest-volatility investment solutions can be a drag on total return when inflation is high. Where can investors turn? Lauren and Julia discuss why even amid the latest wave of market volatility, it’s critical for investors to remain in the market.  

Julia Hermann hosts special guest Eunie Popp, Head of U.S. Sustainable Investing at New York Life Investments, who takes listeners through what ESG means, how it fares in the current economic and political environment, and the variety of ways ESG works in portfolio construction. 

Lauren and Julia discuss the upcoming midterm elections in the U.S. – what matters, what doesn’t, and what sectors might benefit under the potential outcomes.