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-- -- violence in watching deliberated Jack MacIntyre portfolio manager at brandywine global overseeing approximately fifty billion dollars in assets.
It's gonna need to be haired Jack -- and Peter was sitting on what they have aids Don -- -- you know what the Federal Reserve can say in his statement.
And would that be if it said inflation's not a worry we're not gonna pull back on the bond buying not yet.
Would that be up a couple of valiant for this market get it to calm down.
Yeah that's good way to put it 'cause of the markets did take a step back and breathe a little bit because.
You know what what Bernanke's testimony by congress couple weeks ago was a little bit of trial balloon I think he wanted to kind of -- the bubble in the equity markets gets.
Trading a little bit more two way.
But at the end of the day you know -- they're still the Fed is still dependent on data.
That's out there and he's gonna reiterate that point is can also reiterate the point that they're tapering does not equate to tightening.
And once the market kind of gets through that hurdle I think world will be okay.
-- still in terms of tightening what do you think that eventually -- Yeah you know it's.
I'm not a fed watcher I don't think you need a fed -- just look at the data.
Because -- -- where's -- inflation pressure coming from yeah we've seen improvement in the labor market but you know there's this perception that we need to see a series of 200000.
Job increases on a monthly basis we're no where close to that right now so I think you know you're not talking about raising rates until maybe.
Right then but we Neville.
-- have had unprecedented.
Federal Reserve intervention through bond buying and other men and other monetary stimulus -- can not be easy.
To get off of that is -- it can't be easy just so Barack yeah.
If you will how do you does it not not knowing he said you're not -- watching not knowing exactly when that's gonna happen or how the market will begin reacting in advance of that.
How do you position a portfolio today.
Just for that volatility.
-- -- -- and aside no but I think whoever is the next chairman.
Has to due to heavy lifting because.
Under their ten year this is when they're gonna have to reduce that case of buying and maybe even raise rates so they're gonna deal with some markets and again it back continue to see some volatility.
We actually have been increasing our US dollar exposure so -- global bonds.
We can allocate capital all over the world to different -- markets and currencies right now we're actually bringing more exposure back into the US dollar I think when we look at the US.
It's it's gonna become energy independent -- food independent and I think guy -- countries that -- meet that criteria deserve a stronger currency.
Through what -- types assets in the US that are dollar denominated.
-- so we have some treasury exposure but what we've been Dawson doing -- was hit you back some global foreign bond positions back into the US dollar.
That's out there you know one of the things that we have to keep -- look out for because we've seen a pretty big back up.
In the emerging market -- the bonds and the currencies.
And -- value -- so you know there might be a little bit of compelling value out -- particularly if Bernanke is gonna say some things that there might be a little bit more welcome.
To the financial markets.
Jack -- -- talk to please come back straight shooter you are Jack MacIntyre take care.
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