Jeffrey Sherman on CNBC Money Movers

Jeffrey Sherman, Deputy Chief Investment Officer at DoubleLine, following Fed Day and the FOMC statement emphasizes the importance of consumer spending and suggests the Fed maintains its position due to a stable economy. On bond market strategies, he anticipates yield increases, suggesting a diversified portfolio with selective credit exposure to earn carry and benefit from potential bond rallies. Staying flexible helps investors aim for consistent returns amidst yield fluctuations.
Sherman addresses excess savings' impact on lower-income groups, attributing financial stress to cumulative inflation effects. Despite acknowledging challenges faced by specific cohorts, he remains optimistic about survival rates tied to labor market performance. The upcoming jobs report is crucial for understanding underlying economic trends. Discussing currency markets, he mentions recent Japanese yen interventions by the Bank of Japan, cautioning against fighting central banks' actions due to their significant influence.
Mr. Sherman suggests a prudent approach of strategic diversification and opportunistic positioning to navigate market conditions effectively, emphasizing the importance of flexibility and a keen awareness of economic indicators for sound investment decisions.