A Friday-the-13th Week for Stocks and Bonds (E194)

DoubleLine Portfolio Manager Eric Dhall and Analyst Mark Kimbrough survey a Friday-the-Thirteenth week for stocks (:033) and bonds (1:56) with commodities managing to end the week ended Dec. 13, 2024, in positive territory despite a rally in the dollar. For the week’s macro news (5:48), Mark Kimbrough notes an improvement in small business sentiment on hopes of lower taxes, easing regulation and inflation relief. He also discusses in-line consumer price index and stronger-than-expected producer price index readings for November. For their Topic of the Week (16:00), Eric Dhall discusses DoubleLine’s inflation model, which forecasts inflation in the 2% zone in 2025, provided energy prices remain tame. Looking ahead (18:47) to the week of Dec. 16-20,  in addition to an expected rate cut and release of economic projections by Federal Open Market Committee (Wednesday), Eric and Mark will be on watch for S&P Global purchasing manager surveys for the manufacturing and services sectors of the U.S. economy (Monday), retail sales (Tuesday), third GDP estimate for 3Q2024 (Thursday) and personal income, personal spending and PCE price index (Friday).