The Portfolio Fix with AAM

A Narrow Path - AAM's 2023 Fixed Income Outlook

January 30, 2023 AAM
The Portfolio Fix with AAM
A Narrow Path - AAM's 2023 Fixed Income Outlook
Show Notes

In this episode of The Portfolio Fix, AAM's CIO Reed Nuttall and the sector heads of each of our asset classes provide our expectations for 2023.  We discuss our views on the U.S. economy along with each of the fixed income markets.   The episode is approximately 30 minutes long and in the words of Reed - we are cautious heading into the new year but looking to be opportunistic.

Sources: Bureau of Labor Statistics, Bloomberg, Blue Chip Forecasts, Bloomberg Barclays Index, National Association of Realtors, Bond Buyer, Citigroup, Thompson Reuters Municipal Index, B of A Global Research, ICE B of A Merrill Lynch Convertible Research

Economic Overview – 1:37 – Marco Bravo, Senior Portfolio Manager

Corporate Credit – 6:17 – Elizabeth Henderson, Director of Corporate Credit

Structured Products -  9:51 – Scott Edwards, Director of Structured Products

Municipals – 13:11 – Greg Bell, Director of Municipal Bonds

High Yield – 17:00 – Patryk Carwinski, Portfolio Manager

Convertible Bonds – 21:00 – Tim Senechalle, Senior Portfolio Manager

Equities – 27:30 – Pete Wirtala, Insurance Strategist

Outlook – 30:41 – Reed Nuttall, Chief Investment Officer

This episode was recorded on January 31, 2023. Any timely data or views should be considered as of this date unless otherwise specified.

Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This  material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements  that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.

Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such. 

All information contained herein is believed to be accurate as of the date(s) indicated, is not complete, and is subject to change at any time. Certain information contained herein is based on data obtained from third parties and, although believed to be reliable, has not been independently verified by anyone at or affiliated with Asset Allocation & Management Company, LLC. (“AAM”); its accuracy or completeness cannot be guaranteed.

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