Market Matters from New York Life Investment Management

Off to the races: Super Tuesday and the U.S. Election (March 4, 2024)

04 Mar 2024

Contributed by Lukas

This week, Super Tuesday marks a major point of progress in the 2024 U.S. president election. As candidates’ policies firm up, Lauren Goodwin and Ju...

The Magnificent 1? (February 26, 2024)

26 Feb 2024

Contributed by Lukas

The market’s late cycle jitters have been assuaged by the persistent AI trend, with a single company in the forefront. Lauren Goodwin and Julia Herm...

China: de-risk, or de-couple? with MacKay Shields (February 12, 2024)

12 Feb 2024

Contributed by Lukas

China’s economic woes have been in the news lately, but investors’ picture is more dynamic: should we focus more on the risks of China’s old eco...

Stepping out of cash with MacKay Shields (February 5, 2024)

02 Feb 2024

Contributed by Lukas

Forecasts of short-term rates driven by Fed policy have been ever changing, but after the recent inflation print, it seems as though Fed Funds may hav...

Fed pivot purgatory (January 29, 2024)

29 Jan 2024

Contributed by Lukas

Even with inflation and the jobs market both running hot, many investors are convinced of an imminent cut in interest rates. Lauren Goodwin and Julia ...

Swan Lake 2024 (Part 2) (January 22, 2024)

22 Jan 2024

Contributed by Lukas

While the coming year is full of uncertainty, we’ve observed that much of the financial community is hugging consensus views around inflation, inter...

Swan Lake: Risks that could disrupt consensus in 2024, part 1 (January 15, 2024)

15 Jan 2024

Contributed by Lukas

While the coming year is full of uncertainty, we’ve observed that much of the financial community is hugging consensus views around inflation, inter...

Questions for 2024 (January 8, 2024)

05 Jan 2024

Contributed by Lukas

New year, new views. Lauren Goodwin and Julia Hermann kick off their 2024 podcasting adventures with the key questions they see driving investment out...

Our holiday ode to the markets (December 18, 2023)

18 Dec 2023

Contributed by Lukas

‘Twas NYLIM before Christmas… curl up by the fire for the final episode of Market Matters in 2023. Julia Hermann shares her ode to the markets. 

Yuletide yields (December 11, 2023)

11 Dec 2023

Contributed by Lukas

As 2023 draws to a close, the market has enjoyed some relief from the steady rise in interest rates. Lauren Goodwin and Julia Hermann look into why yi...

2024 outlook: choose your own adventure (December 4, 2023)

04 Dec 2023

Contributed by Lukas

In our 2024 Outlook, choose your own adventure. Lauren Goodwin, Julia Hermann, and Michael LoGalbo explore scenarios for 2024 along with the actionabl...

What’s changed, what hasn’t, what’s next (November 27, 2023)

27 Nov 2023

Contributed by Lukas

The themes pervading 2024 investment outlooks – Fed tightening, chance of recession, and market volatility – are little changed from the start of ...

Hoarders: can U.S. corporations keep the labor market together? (November 13, 2023)

13 Nov 2023

Contributed by Lukas

The fates of the U.S. corporate sector and labor market are closely entwined, and in this cycle, labor hoarding by large companies has contributed to ...

Your guide to investing in an election year (November 6, 2023)

06 Nov 2023

Contributed by Lukas

We are one year away from the 2024 U.S. election, an it’s not too early to consider it’s impact on portfolios. Lauren Goodwin and Julia Hermann un...

Anatomy of a bear steepener (October 30, 2023)

30 Oct 2023

Contributed by Lukas

The U.S. Treasury yield curve has been inverted for over a year, but with longer dated Treasury yields rising fast, markets may be in for a shift. Lau...

The oil shock playbook (October 23, 2023)

23 Oct 2023

Contributed by Lukas

With geopolitical risk front and center, Lauren Goodwin and Julia Hermann consider the impacts of a potential oil shock on the global economy and inve...

Preparing your portfolio for unforeseeable shocks, with special guest Alexandra Russo (October 16, 2023)

13 Oct 2023

Contributed by Lukas

The last week – and the last few years – have shown that risks or shocks to investing are always possible. Lauren Goodwin hosts Alexandra Russo of...

Don’t forget the fiscal (October 9, 2023)

09 Oct 2023

Contributed by Lukas

Fiscal and budget debates have been recurrent this year, yet monetary policy is usually front of mind for investors. Lauren Goodwin and Julia Hermann ...

Climbing the wall of worry (October 2, 2023)

02 Oct 2023

Contributed by Lukas

A government shutdown has been avoided, but investors may still face a “wall of worry”. Lauren Goodwin and Julia Hermann discuss the recent bout o...

Removing 4 investor roadblocks for Q4: Part 2 (September 25, 2023)

25 Sep 2023

Contributed by Lukas

As investors seek opportunities to end a volatile year, uncertainty can lend itself to positioning in the extremes: chasing narrow rallies, or sitting...

Removing 4 investor roadblocks for Q4: Part 1 (September 18, 2023)

18 Sep 2023

Contributed by Lukas

As uncertainty about recession, inflation, and interest rates has increased, asset allocation decisions have become more difficult for many investors....

Financial Futures Special Series: considering outcomes-based investing with Jose Barros (September 11, 2023)

11 Sep 2023

Contributed by Lukas

In their Financial Futures special series, Lauren Goodwin and Julia Hermann host leaders from across New York Life to discuss approaches that help lis...

Financial Futures Special Series: assessing annuities with Todd Taylor (September 4, 2023)

04 Sep 2023

Contributed by Lukas

In their Financial Futures special series, Lauren Goodwin and Julia Hermann host leaders from across New York Life to discuss approaches that help lis...

Financial Futures Special Series: exploring life insurance with Amanda Kuhl (August 28, 2023)

28 Aug 2023

Contributed by Lukas

In their Financial Futures special series, Lauren Goodwin and Julia Hermann host leaders from across New York Life to discuss approaches that help lis...

Reprising: Can China build a reserve currency to compete with the dollar? (August 21, 2023)

22 Aug 2023

Contributed by Lukas

The BRICS (Brazil, Russia, India, China, South Africa) countries meet for a summit this week, prompting renewed questions about Dollar influence. Laur...

Inflation: Scenarios for the rest of the year (August 14, 2023)

14 Aug 2023

Contributed by Lukas

In the wake of July’s inflation data, the disinflation process seems well intact. Does inflation need to be at the forefront of investors’ minds a...

Yields up: implications of the U.S. credit downgrade (August 7, 2023)

07 Aug 2023

Contributed by Lukas

Yields have moved meaningfully higher in the last week, but it’s not all because of the U.S. credit rating downgrade. This week, Lauren Goodwin and ...

Assessing the Summer of Strikes (July 31, 2023)

31 Jul 2023

Contributed by Lukas

Ongoing strikes, scheduled strikes, and high-stakes labor negotiations have swept headlines.  Do they affect the big picture? Lauren Goodwin and Juli...

Does the economy need to land, after all? With Steve Friedman (July 24, 2023)

24 Jul 2023

Contributed by Lukas

Lauren Goodwin and Julia Hermann welcome special guest Steve Friedman of MacKay Shields to debate the path of economic growth ahead. Can a “no landi...

AI: The next internet, or the next dotcom bust? (July 17, 2023)

17 Jul 2023

Contributed by Lukas

It’s the early days of the era of generative artificial intelligence (AI). Lauren Goodwin, Julia Hermann, and Michael LoGalbo discuss how their team...

Housing Market Rebound: Hot Market or Head Fake? (July 10, 2023)

11 Jul 2023

Contributed by Lukas

Some data suggests that the U.S. housing market is rebounding. But is this sustainable when affordability hasn’t improved? Lauren Goodwin and Julia ...

The Long-Term View on Interest Rates (July 3, 2023)

04 Jul 2023

Contributed by Lukas

The Fed’s latest hiking cycle has been sizable and swift, impacting nearly every asset class. Yet long-term Treasury yields have remained relatively...

Cyclical and Structural Drivers of Commercial Real Estate with Stewart Rubin (June 26, 2023)

27 Jun 2023

Contributed by Lukas

Investors frequently point out commercial real estate as a major area of risk in this economic cycle. Is that the case? Stewart Rubin of NYL Real Esta...

(Re)Globalization: Making Global Themes Investable Via Infrastructure, Featuring Tim Humphreys (June 12, 2023)

20 Jun 2023

Contributed by Lukas

Tim Humphreys of Ausbil Investment Management joins host Lauren Goodwin to describe how a global mega trend towards de-globalization, or RE-globalizat...

Midyear Outlook: Your Guide to the Late Cycle Showdown (June 12, 2023)

13 Jun 2023

Contributed by Lukas

Lauren Goodwin, Julia Hermann and Michael LoGalbo discuss their midyear economic and market outlook, including a step-by-step guide to the key debates...

(Re)Globalization: Global Forces Impacting the Next Decade of Investing (June 5, 2023)

06 Jun 2023

Contributed by Lukas

Lauren Goodwin, Julia Hermann and Michael LoGalbo discuss their latest research covering the main themes affecting the next decade of global economics...

Checking In On Black Swans (May 29, 2023)

29 May 2023

Contributed by Lukas

Host Lauren Goodwin and “Macro Mike” LoGalbo re-visit their Black Swan Risks for 2023. Which events are still lurking? 

When Will the Fed Cut Rates? (May 22, 2023)

23 May 2023

Contributed by Lukas

The Fed has been busy hiking rates, but slowing economic growth and rising risks have investors asking not only if the Fed is done, but when they will...

Q1 2023: The Forgotten Earnings Season? (May 15, 2023)

16 May 2023

Contributed by Lukas

Earnings growth is negative this quarter, but nobody’s talking about it. Lauren Goodwin and "Macro Mike" LoGalbo break down how even negat...

Banks Update: Smoke vs. Fire (May 8, 2023)

09 May 2023

Contributed by Lukas

Regional banks have come under another wave of stress following the failure of First Republic. Lauren Goodwin and Julia Hermann discuss the potential ...

The Next Round of the Debt Ceiling Debate (May 1, 2023)

01 May 2023

Contributed by Lukas

Congress is teed up for the next round of debt ceiling discussions. In this episode, Lauren Goodwin and Julia Hermann provide an update on why this ye...

Debunking De-Dollarization, Part 2: Can China Build a Reserve Currency? (April 24, 2023)

24 Apr 2023

Contributed by Lukas

Two currencies sit at the center of the de-dollarization narrative: the USD, and the Chinese Renminbi. Lauren Goodwin and Julia Hermann discuss what e...

Debunking De-Dollarization, Part 1: Keep Calm and Dollar On (April 17, 2023)

18 Apr 2023

Contributed by Lukas

There’s been much noise about the end of the dollar, but we’re not convinced. Lauren Goodwin and Julia Hermann dive in to why the de-dollarization...

Let’s Talk Cash: The Money Market and the Dollar (April 10, 2023)

11 Apr 2023

Contributed by Lukas

Lauren Goodwin and Julia Hermann discuss cash: why there’s been a huge inflow into money market funds, what bond volatility can tell us about recess...

Checking In On Our Scenarios for Banks (April 3, 2023)

03 Apr 2023

Contributed by Lukas

Strategists Julia Hermann and Michael LoGalbo team up to provide a status update on the banking sector and implications for portfolios. They check in ...

What’s Next for Banks? (March 27, 2023)

28 Mar 2023

Contributed by Lukas

Julia Hermann is joined by Mark Kehoe, Portfolio Manager and Credit Analyst at MacKay Shields, to discuss what’s next for banks after tumult in the ...

What banking sector stress means for the economy (March 20, 2023)

21 Mar 2023

Contributed by Lukas

Julia Hermann is joined by Steve Friedman, Managing Director and Macro Economist at MacKay Shields, for a discussion of what caused the failure of Sil...

Special Episode: NYL Agent Spotlight on Armando Jimenez (March 13, 2023)

14 Mar 2023

Contributed by Lukas

In the first ever Agent Spotlight special episode, Lauren Goodwin and Julia Hermann host New York Life agent Armando Jimenez, a top producer of both i...

Checking in on the 60/40 Portfolio (March 6, 2023)

07 Mar 2023

Contributed by Lukas

Last year was one of the worst for the 60/40 portfolio. In this episode, host Lauren Goodwin and Portfolio Strategist Michael LoGalbo share how it can...

Back from the road: the best questions we heard from the field (February 27, 2023)

28 Feb 2023

Contributed by Lukas

Julia Hermann flips the mic on Lauren Goodwin this week. Lauren’s been on the road with clients and sales partners, and shares her take on the marke...

Prices vs Jobs: An Update on the Fed’s Two Mandates (February 20, 2023)

21 Feb 2023

Contributed by Lukas

The Fed’s dual mandate might hold the key to understanding the recent relief rally. Lauren Goodwin and Julia Hermann dive into their report card on ...

A Live Look at Q4 Earnings Season (February 13, 2023)

14 Feb 2023

Contributed by Lukas

Lauren Goodwin and Julia Hermann provide a live look in the midst of Q4 earnings season and relate corporate reporting to macro developments. 

Do the International Bulls Have Legs? (February 6, 2023)

07 Feb 2023

Contributed by Lukas

International assets from Europe to China have seen a strong rally over the past few months. In this episode, Lauren Goodwin and Julia Hermann put tog...

A Soft Landing – Welcome Relief or Wishful Thinking? (January 30, 2023)

31 Jan 2023

Contributed by Lukas

The market has started 2023 off strong – but is it a temporary bear market rally or a more durable soft landing? In this episode, Lauren Goodwin and...

Hitting the Ceiling: What’s up with U.S. Debt Sustainability (January 23, 2023)

24 Jan 2023

Contributed by Lukas

Last week, the U.S. hit its debt ceiling. In this episode, Lauren Goodwin and Julia Hermann discuss what the new debt ceiling negotiation may mean for...

Swan Lake: Risks That Could Disrupt Consensus in 2023 (January 16, 2023)

17 Jan 2023

Contributed by Lukas

While the coming year is full of uncertainty, we’ve observed that much of the financial community is hugging consensus views around inflation, inter...

Have Central Bank Interventions Permanently Repriced Corporate Credit? (January 9, 2023)

10 Jan 2023

Contributed by Lukas

In the early days of the pandemic, the Fed responded to severe market dislocations by announcing new corporate bond buying programs to stabilize the m...

Our 2023 Resolutions for Investing (January 2, 2023)

02 Jan 2023

Contributed by Lukas

As we ring in the new year, Lauren, Julia and Michael present their 2023 investing resolutions. 

2023 Outlook: The New Recession Playbook (December 19, 2022)

20 Dec 2022

Contributed by Lukas

Many investors have forecast recession for next year. In this episode, our strategists share their high-conviction buys as the cycle turns. 

2023 Outlook: Steady Through the Cycle (December 12, 2022)

13 Dec 2022

Contributed by Lukas

Lauren Goodwin, Julia Hermann, and Michael LoGalbo discuss part two of their 2023 Outlook. Recession looks likely for 2023 – what does it mean for i...

2023 Outlook: 3 Drivers that Set this Cycle Apart (December 5, 2022)

05 Dec 2022

Contributed by Lukas

Lauren Goodwin, Julia Hermann, and Michael LoGalbo launch their 2023 Outlook – “Steady through the cycle: the new recession playbook.” They disc...

Midterm Election Readout: The View from DC (November 21, 2022)

21 Nov 2022

Contributed by Lukas

The midterm elections have come and gone, but leave lasting implications for policy. Lauren Goodwin and Julia Hermann host special guests Whytne Brook...

Munis and the Midterms: Where to Go From Here with Frances Lewis (November 14, 2022)

15 Nov 2022

Contributed by Lukas

Lauren and Julia host special guest Frances Lewis, Senior Managing Director and Portfolio Manager at MacKay Municipal Managers, to discuss all things ...

Third Quarter Earnings: Under the Hood (November 7, 2022)

08 Nov 2022

Contributed by Lukas

Third quarter earnings season is coming to a close, and results have been just as mixed as this economy feels. This week on the podcast, host Lauren G...

Looks like Growth, Feels like Recession: The Q3 GDP Story (October 31, 2022)

01 Nov 2022

Contributed by Lukas

Economic activity came in strong in the third quarter – so why does it feel like the U.S. economy is already in recession? Lauren Goodwin and Julia ...

Volatility: The Best Way Out is Through (October 24, 2022)

25 Oct 2022

Contributed by Lukas

Market volatility has been rampant, but the lowest-volatility investment solutions can be a drag on total return when inflation is high. Where can inv...

The Ins and Outs of ESG (October 17, 2022)

18 Oct 2022

Contributed by Lukas

Julia Hermann hosts special guest Eunie Popp, Head of U.S. Sustainable Investing at New York Life Investments, who takes listeners through what ESG me...

What Does and Doesn’t Matter in the Midterms (October 10, 2022)

11 Oct 2022

Contributed by Lukas

Lauren and Julia discuss the upcoming midterm elections in the U.S. – what matters, what doesn’t, and what sectors might benefit under the potenti...

The Dollar Is the Only One Smiling (October 3, 2022)

03 Oct 2022

Contributed by Lukas

Lauren and Julia discuss the domestic and global ramifications of the historically strong dollar. Plus – what happened in the UK last week, and why ...

International Equities vs Home Court Bias with Carlos Garcia-Tunon (September 26, 2022)

27 Sep 2022

Contributed by Lukas

Lauren and Julia are joined by special guest Carlos Garcia-Tunon, Senior Managing Director and Head of Fundamental Equity at MacKay Shields. Though ma...

The Sticky, the Bad, and the Ugly: The August Inflation Story (September 19, 2022)

21 Sep 2022

Contributed by Lukas

Lauren and Julia dig into the August inflation data: what drove the worrying print, and what it means for the Fed, economic growth, and investments.

Fixed Income: 3 Do’s and a Don’t with Steve Cianci (September 12, 2022)

12 Sep 2022

Contributed by Lukas

Host Lauren Goodwin is joined by special guest Steve Cianci, co-head of Global Fixed Income at MacKay Shields, to discuss high-conviction investment i...

What the Housing Slowdown Tells Us About the Economy (September 6, 2022)

07 Sep 2022

Contributed by Lukas

Lauren and Julia provide an update on the housing market slowdown, and what that means for inflation and recession risks.

Reprising: What the U.S. Dollar’s Up To (August 29, 2022)

30 Aug 2022

Contributed by Lukas

Lauren and Julia reprise their April episode on what’s driving incredible strength in the U.S. Dollar, and what this means for investments. 

Equity Investing: Infrastructure with Dan Foley (August 22, 2022)

23 Aug 2022

Contributed by Lukas

As interest rates rise, volatility has hit equities hard. How should investors think about equity investing amid high inflation and slowing economic g...

Equity Investing: Growth Equities with Pat Burton (August 15, 2022)

16 Aug 2022

Contributed by Lukas

As interest rates rise, volatility has hit equities hard. How should investors think about equity investing amid high inflation and slowing economic g...

Equity Investing: Value with Adam Illfelder (August 8, 2022)

09 Aug 2022

Contributed by Lukas

As interest rates rise, volatility has hit equities hard. How should investors think about equity investing amid high inflation and slowing economic g...

Equity Investing: Real Estate with Jon Miniman (August 1, 2022)

02 Aug 2022

Contributed by Lukas

As interest rates rise, volatility has hit equities hard. How should investors think about equity investing amid high inflation and slowing economic g...

Midyear Outlook: Finding Resilience in the Fed's Bear Market (July 25, 2022)

26 Jul 2022

Contributed by Lukas

This week, Lauren and Julia tie together the themes presented in the Multi-Asset Solutions team's Midyear Economic and Investment Outlook: how to...

Midyear Outlook: Is the U.S. headed for recession? (July 18, 2022)

18 Jul 2022

Contributed by Lukas

This week, Lauren and Julia discuss one of the themes presented in the Multi-Asset Solutions team’s Midyear 2022 Economic and Investment Outlook: is...

Midyear Outlook: When Will the Market Pain Stop? (July 11, 2022)

12 Jul 2022

Contributed by Lukas

This week, Lauren and Julia discuss one of the themes presented in the Multi-Asset Solutions team’s Midyear 2022 Economic and Investment Outlook: wh...

Fed's on the Move: Opportunities in Munis with Mike Denlinger

06 Jul 2022

Contributed by Lukas

The Fed is on the move, and Market Matters is pulling in investment perspectives from across the New York Life Investments platform to decipher the im...

Fed’s on the Move: Opportunities in Floating Rate with Art Torrey (June 27, 2022)

28 Jun 2022

Contributed by Lukas

The Fed is on the move, and Market Matters is pulling in investment perspectives from across the New York Life Investments platform to decipher the im...

Fed’s on the Move: Opportunities in High Yield with Nate Hudson (June 20, 2022)

20 Jun 2022

Contributed by Lukas

The Fed is on the move, and Market Matters is pulling in investment perspectives from across the New York Life Investments platform to decipher the im...

Energy is Changing the Market Landscape (June 13, 2022)

14 Jun 2022

Contributed by Lukas

May’s inflation figures surprised to the upside, and energy was a main culprit. And looking ahead, with Europe limiting its purchases of Russian oil...

Checking in on the U.S. Consumer (June 6, 2022)

07 Jun 2022

Contributed by Lukas

Lauren and Julia are joined by Multi-Asset Solutions Chief Economist Poul Kristensen to discuss the forces pulling on U.S. consumers. How long can thi...

Emerging Markets: Time To Buy? (May 31, 2022)

31 May 2022

Contributed by Lukas

Lauren and Julia provide an update on Emerging Markets equities, and discuss when a buying opportunity might emerge. 

Anchoring Amid Market Volatility (May 23, 2022)

24 May 2022

Contributed by Lukas

Lauren and Julia discuss the causes and asset allocation implications of recent – and remarkable – market volatility. 

The Earnings Side of the Story (May 16, 2022)

16 May 2022

Contributed by Lukas

Lauren and Julia tie together the choices companies can make in today’s high-inflation environment with conclusions from the Q1 2022 equity earnings...

The Fed, Yields, and Fixed Income Ideas with Steve Cianci (May 10, 2022)

10 May 2022

Contributed by Lukas

Lauren and Julia are joined by special guest Steve Cianci, co-head of Global Fixed Income at MacKay Shields, to discuss high-conviction investment ide...

Our Q2 Outlook: Can Growth Hold Up? (May 2, 2022)

03 May 2022

Contributed by Lukas

Lauren and multi-asset portfolio strategist Julia Hermann present their Q2 outlook, and argue that it’s economic growth, not inflation, that matters...

Are the Interest Rate Hawks Flying Too High? (April 25, 2022)

25 Apr 2022

Contributed by Lukas

Lauren and multi-asset portfolio strategist Julia Hermann discuss market expectations for inflation and interest rates – and how to invest if they a...

Show us Your Style: Growth vs Value (April 18, 2022)

19 Apr 2022

Contributed by Lukas

Back to the growth vs value debate: Lauren and Multi-Asset portfolio strategist Julia Hermann discuss how to position amid late-cycle market dynamics....

What the U.S. Dollar’s up to (April 11, 2022)

12 Apr 2022

Contributed by Lukas

What’s next for the U.S. Dollar? Lauren and Multi-Asset portfolio strategist Julia Hermann discuss what is driving the U.S. Dollar, and what this me...

Inflation - A Multi-Asset Approach, with Special Guest Sal Bruno (April 4, 2022)

05 Apr 2022

Contributed by Lukas

Inflation appears to be here to stay. CIO of IndexIQ Sal Bruno joins Lauren to discuss inflation’s multi-faceted impact to portfolios, and how to ba...

The energy sector: prices and investment ideas (March 28, 2022)

28 Mar 2022

Contributed by Lukas

Uncertainty over the Russia-Ukraine crisis drives uncertainty in the energy sector.  In this week’s episode, Lauren shares where energy prices migh...

Women and Investing with Jen Tarsney (March 14, 2022)

15 Mar 2022

Contributed by Lukas

It’s women’s history month. Lauren explores the key challenges women face in investing with Jen Tarsney, the head of the Advisor Advancement Insti...

High Conviction Ideas in Fixed Income, with Steve Cianci (March 7, 2022)

08 Mar 2022

Contributed by Lukas

Rising inflation, a soon-to-be-tightening Fed, and throw in a little geopolitical uncertainty. What does it mean for global bond markets? Special Gues...

Navigating geopolitical risk with John Sitilides (February 28, 2022)

01 Mar 2022

Contributed by Lukas

Russia has invaded Ukraine. This week, geopolitics expert John Sitiledes joins the podcast to provide his analysis of the situation on the ground and ...

Introducing the new Market Matters (February 28, 2022)

28 Feb 2022

Contributed by Lukas

Moving forward, you can expect the same great investment ideas from New York Life Investments, curated by our Multi Asset Solutions team, including yo...