Joe Zidle: Weighing Uncertainty and Opportunity in Equity Markets with First Eagle’s Matt McLennan

In the latest episode of his market commentary series on the Blackstone Podcast, investment strategist Joe Zidle sat down with First Eagle’s Matt McLennan to share where they’re seeing opportunity and risk in equity markets. The two discuss ongoing volatility, today’s unique consumer and policy environment, and whether investors should be concerned about a recession on the horizon. Matt McLennan is the head of the Global Value Team and portfolio manager at First Eagle, a Blackstone portfolio company and independent investment management firm that provides advisory services to clients ranging from institution accounts to financial advisors and more.   ***   The views expressed in this commentary are the personal views of the author and do not necessarily reflect the views of The Blackstone Group L.P. (together with its affiliates, “Blackstone”). The views expressed reflect the current views of the author as of the date hereof and Blackstone undertakes no responsibility to advise you of any changes in the views expressed herein. Blackstone and others associated with it may have positions in and effect transactions in securities of companies mentioned or indirectly referenced in this commentary and may also perform or seek to perform services for those companies. Investment concepts mentioned in this commentary may be unsuitable for investors depending on their specific investment objectives and financial position. Tax considerations, margin requirements, commissions and other transaction costs may significantly affect the economic consequences of any transaction concepts referenced in this commentary and should be reviewed carefully with one’s investment and tax advisors. All information in this commentary is believed to be reliable as of the date on which this commentary was issued, and has been obtained from public sources believed to be reliable. No representation or warranty, either express or implied, is provided in relation to the accuracy or completeness of the information contained herein. This commentary does not constitute an offer to sell any securities or the solicitation of an offer to purchase any securities. This commentary discusses broad market, industry or sector trends, or other general economic, market or political conditions and has not been provided in a fiduciary capacity under ERISA and should not be construed as research, investment advice, or any investment recommendation. Past performance is not necessarily indicative of future performance.