Markets Look Less Weird, Thanks to Higher Rates
Barron's Streetwise
Barron's
4.7 • 1.6K Ratings
🗓️ 22 September 2023
⏱️ 23 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | When you can't quite get the angle, take hands-free selfies with the Samsung Galaxy Z Flip 5, |
| 0:05.2 | stand it up, step back, and your photos are also synced to your Chromebook, ready to edit. |
| 0:10.8 | The new Samsung Galaxy Z Flip 5 and Chromebook, available on Vodafone. |
| 0:16.9 | This is very cheesy, but yield is destiny. And the yield on the market is back up at 2002 levels. |
| 0:23.3 | It's way out of the range we've seen for the last 10 plus years. |
| 0:27.9 | And the returns on bonds are going to end up delivering. |
| 0:32.0 | Hello, and welcome to the Baron Streetwise podcast. I'm Jack Howe. |
| 0:36.2 | And the voice you just heard, that's Robert Tip. He's the chief investment strategist at PGIM |
| 0:43.3 | fixed income. And he says, yield is destiny. We're going to talk about yields and the relative |
| 0:49.9 | attractiveness of the bond market now. We'll also say a few words about stocks. |
| 0:55.2 | He mentions cheesy and delivering. I'm going to think about pizza. I don't think we'll have |
| 0:59.2 | much to say about fast food. That's the word. That's the dumbest joke I've ever made in an intro |
| 1:05.2 | meta. Come on. I blame you for letting me do that. Listening in is our audio producer meta. |
| 1:12.1 | Hi, meta. How are you? Hi, Jack. I'm good. I do apologize for doing that to you. |
| 1:17.5 | You can't let me do this to myself. You're here to stop me from saying things like that. |
| 1:22.5 | We're going to be talking today broadly about financial markets. If you have an asset allocation |
| 1:30.4 | that is skewed, that is not what it should be, we'll talk about getting back to a better one today. |
| 1:38.7 | I think financial markets look mostly sensible right now and that is a dramatic change from |
| 1:45.0 | two years ago. I'm not sure that people quite remember just how weird things got a couple of |
| 1:51.7 | years ago. It was bordering on financial nihilism. I will call this move back from then a reverse |
| 1:58.9 | naked cowboyization of the market. I'm referring to an episode that we did. You were out on |
| 2:05.5 | maternity leave. This was right after Halloween in 2021. We sent Jackson who was filling in for you |
... |
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