Jeffrey Sherman: Tight Credit, Sticky Inflation, Bad Breadth... What Else?

Jeffrey Sherman, Deputy CIO of DoubleLine and host of The Sherman Show podcast, makes an appearance on the Raise Your Average podcast alongside Mike Philbrick, CEO of ReSolve Asset Management Global, and Pierre Daillie, Managing Editor of AdvisorAnalyst.com. They delve into various topics related to the what's going on in the financial industry.
Beginning at [03:12], they discuss DoubleLine's recent activities and its venture into ETF products. At the [08:00] mark, they analyze the bond performance in the first quarter of 2023. Around [10:54], the conversation shifts towards the banking crisis. During this discussion on the banking crisis, they explore its implications for the economy. Differentiating it from the financial crisis in 2008, starting at[11:30]. Analyzing the impact on a specific trio of banks at [21:14]. Examining the consequences arising from tighter financial conditions at [26:50]. Discussing the response of the Federal Reserve at [40:41].
This episode, which was recorded on April 3, 2023, concludes with Mr. Sherman sharing his insights on risky high-duration assets at [48:35]. They also engage in a conversation about the potential impact of AI on the tech sector and the world as a whole, commencing at [52:09].
Timestamped Highlights
[00:07:52] Bond Market Reacts to Economic Slowdown and Banking Crisis
[00:14:32] "Regional banks face loan cost hikes and credit contraction"
[00:21:06] Banking Crisis Causing Recession Watch to Rise
[00:28:16] "Commodities may be key to combating inflation"
[00:32:49] "Banks brace for coming regulations amid pandemic"
[00:42:21] "Bank Liquidity and Outflows: Understanding the System"
[00:49:39] "The Crisis of Confidence: Crypto and Tech Markets"
[00:58:19] "Credit Suisse's Risky Business: Warnings Ignored"
[01:00:48] The downfall of Credit Suisse: Privacy and Market Punishment.
[01:03:42] "Managing Risk and the Fragile Economy: Insights"
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Where to find Jeffrey Sherman
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Jeffrey Sherman on Twitter - @ShermanShowPod - / shermanshowpod
Jeffrey Sherman on The Sherman Show - doubleline.com...
DoubleLine Capital - doubleline.com/
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Where to find the Raise Your Average crew:
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ReSolve Asset Management - investresolve....
ReSolve Asset Management Blog - investresolve....
Mike Philbrick on Linkedin- / michaelphilbrick
Rodrigo Gordillo on Linkedin - / rodrigogordillo
Adam Butler on Linkedin - / adamdbutler
Pierre Daillie on Linkedin - / pierre-daillie-advisor...
Joseph Lamanna on Linkedin - / josephlamanna
AdvisorAnalyst.com - advisoranalyst...
*****
"You don't have to be brilliant, just wiser than the other guys, on average, for a long time." Charlie Munger
Welcome to Raise Your Average, our deep dive journey into learning from the people and process behind the world of investing. Through conversations with leaders in the investments game, we peel back the layers of the onion on how these holders of the keys to the kingdom allocate their time, their energy, and their dollars.
We are all students and we are all teachers. We are the average of the 5 people we spend the most time with. Come hang out with us for a while and raise your average, as we raise ours.
Music credit: In Hip Hop, Paul Velchev (8MJZA6T3LK)