What’s Coming in 2023: The Federal Reserve, Bond Markets, and Investing in Volatility

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 19 October 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

A little confused about how we’ve gotten to…well, ~gestures to everything~? The S&P 500 down roughly 25% YTD, record-high inflation, and rate hike after rate hike? SoFi’s (https://www.sofi.co) Head of Investment Strategy, Liz Young, joins me to break it all down—and makes a few historically informed predictions about what’s likely on the horizon in 2023. She also addresses why she thinks now’s the time on which we’re all going to look back and wish we bought more, what to buy during downturns, and the relationship between the stock market and the bond market. Katie also answers a question about Roth IRA platforms. Placement is a general marketing offering and is not a recommendation to take any particular action, including rolling over an existing account. Consider your personal situation and preferences, including fees and expenses for each option, before deciding to roll over. Please refer to Betterment's Form CRS (http://www.betterment.com/legal/form-crs) and other disclosures (http://www.betterment.com/legal) for more information. To learn more about our sponsor, Vin Social, check out http://vinsocialvip.com/. Episode transcripts can be found at https://www.podpage.com/money-with-katie-show/. — Mentioned in the Episode The Important Part: Investing with Liz Young: https://open.spotify.com/show/3v9RQmKZioeCCDXEdmlZNP?si=9e91ea5676834fa1&nd=1 Bond market in "bull market": https://www.nasdaq.com/articles/r.i.p-bond-bull-market-1981-2021-2021-03-16 Inverted yield curves: https://www.cnbc.com/2022/09/21/what-the-inverted-yield-curve-means-for-your-portfolio-.html Yield curves & recessions: https://www.chicagofed.org/publications/chicago-fed-letter/2018/404 Net present value: https://www.investopedia.com/terms/n/npv.asp Jack Raines's Young Money post on risk: https://www.youngmoney.co/p/rethinking-risk Liz Young's 2022 outlook, "Running Into the Wind": https://www.sofi.com/blog/2022-market-outlook/ Liz Young's H2 2022 outlook, "Running Out of Steam": https://www.sofi.com/blog/liz-looks-2h-2022-outlook-running-steam/ Roth IRA platforms mentioned: Vanguard, Fidelity, Charles Schwab (most hands-on), M1 Finance (partially hands-on), Betterment (mostly hands off) — Follow Along - Listen to Money with Katie here: https://www.podpage.com/money-with-katie-show/ - Read Money with Katie: https://moneywithkatie.com/ Follow Money with Katie! - Instagram: https://www.instagram.com/moneywithkatie/ - Twitter: https://twitter.com/moneywithkatie - TikTok: https://www.tiktok.com/@moneywithkatie Subscribe to Morning Brew - Sign up for free today: https://bit.ly/morningbrewyt Follow The Brew! - Instagram: https://www.instagram.com/morningbrew/ - Twitter: https://twitter.com/MorningBrew - TikTok: https://www.tiktok.com/@morningbrew Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Let's not sugarcoat it.
0:02.5	Things are scary in this economy, and it feels like they keep rapidly changing.
0:08.2	After 40 years of steadily dropping bond yields in a soaring stock market, J-POW and the
0:13.1	Fed boys are hiking rates, and they are doing it fast.
0:17.6	Talks of a looming forced recession on the horizon, terrifying stock market headlines,
0:22.9	and a changing economic outlook have everyone's feathers understandably ruffled, so I wanted
0:28.8	to bring in someone who knows what the hell they're talking about to answer some of my
0:32.4	more timely questions about what's happening now, what history would indicate is going
0:37.6	to happen next, and whether you should be changing financial course as a result.
0:49.1	Welcome back to the Money with Katie Show Rich Human Beans.
0:51.6	I'm your host, Katie Getty Tossan, and I have a timely episode for you this week.
0:56.4	Our guest today is Liz Young, Sofie's head of investment strategy responsible for providing
1:01.3	economic and market insights.
1:10.2	So not to unfurl and read the whole resume scroll here, but girlfriend is smart.
1:16.3	So prior to joining Sofie, Liz was the director of market strategy at BNY Melon Investment
1:21.3	Management, where she formulated and delivered views on macroeconomic themes and their
1:25.8	effects on capital markets.
1:28.2	Earlier in her career, she was a portfolio analyst at Baird and a research analyst at
1:32.5	BMO Global Asset Management.
1:34.9	She's also a CFA, or chartered financial analyst, and she frequently appears on CNBC's
1:40.2	halftime report and hosts a monthly podcast called The Important Part, Investing with Liz
1:44.9	Young.
	...

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