Channel 11: Summertime and the Livin’ Is Easy

Ken Shinoda, Portfolio Manager at DoubleLine Capital and Chairman of the firm’s Structured Products Committee, takes a look back at May market performance and macro news in what was a good month for bonds and stocks. Mr. Shinoda begins with a look at the rally in U.S. Treasury yields including a breakdown of the different data points that drove rates (1:57). He goes on to review some of the tail risks to the economy (4:18) including labor market pressure complicated by immigration issues (6:59).
Mr. Shinoda concludes the episode with a look at market performance with a great month for fixed income (8:05), stocks returning to the Land of Gains (10:47), a mixed bag for commodities (12:58) and the U.S. dollar weakening a little bit (13:20). This episode was recorded June 5, 2024.