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DoubleLine Minutes

Waiting for Guy Fawkes Day (E187)

18 Oct 2024

Description

DoubleLine Portfolio Managers Jeff Mayberry and Samuel Lau review for the week of Oct. 14-18 the stock (0:52) and bond (2:08) markets whose somewhat-muted volatility, according to Jeff, suggests investors are waiting for more labor market data and especially the outcome of the Nov. 5 presidential election. Commodities (4:01) ended in the red, led by a sharp decline in crude on reports Jerusalem will spare Iranian oil facilities in any reprisals over Tehran’s Oct. 1 missile attack against Israel. In a relatively quiet week on the macro front (5:54), retail sales came in stronger than expected. Looking ahead to the Oct. 21-25 week (11:02), Jeff and Sam will be on watch for jobless claims and purchasing manager index reports (Thursday) and durable goods orders (Friday).

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