Morning for Mourning Manufacturers? (E201)

DoubleLine Portfolio Manager Jeff Mayberry and Analyst Mark Kimbrough review a flattish stock market (0:40), a decline in bond yields (1:56) and stronger commodities (3:41) for the week ended Feb. 7. Then they turn to the week’s macro news (4:40), which was dominated by a raft of labor market reports as well as an expansionary print on the long-languishing ISM manufacturing survey. “We’ll temporarily ring a bell and say a 26-month streak of prints below 50 came to an end in January,” Mark says. “I hope that doesn’t get revised away next month.” In contrast to the week’s jobs-heavy news, the week of Feb. 10-14 (19:20) will turn to inflation, including January CPI and PPI reports.

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