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April 22, 2023 | Back to ZIRP?

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

Good big picture discussion in this segment.

When today’s guest was last on this program in early February, he warned that markets were “in La La Land” — meaning they were too optimistic at a time the macro data was warning of an approaching recession. Well, here we are, a quarter later and — after swooning for a month and a half — the S&P has powered back to exactly where it was when he gave his warning. It’s in rally mode despite the macro data raising even more recessionary alarm bells — that, plus, we’ve experienced several systemic scares since February, including the collapse of sizable banks Credit Suisse and SVB. Are the markets seeing true upside here that the bears are just missing? Or are the markets simply seeing what they hope to see & ignoring reality, setting themselves up for a painful reckoning? For a detailed exploration into these key questions, we welcome Alf Peccatiello, publisher of the Macro Compass and former bond portfolio manager, back to the program. Here is a direct video link.

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April 22nd, 2023

Posted In: Juggling Dynamite

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