Equity Broadening, Bull-Flattening and a One-Trick Pony
The video gives wealth professionals a manager’s weekly read on equity breadth, bond-market behavior and inflation data for client conversations. It is context on market conditions, not a recommendation.
Summary
By the markets & outlook deskDoubleLine portfolio manager Eric Dhall and allocation strategist Ryan Kimmel review the week ended Oct. 16, when stock breadth improved even as tech led the S&P 500 lower. They discuss bull-flattening in bonds as short squeezes took hold despite hotter-than-expected inflation, and characterize a commodity gain as a “one-trick pony” in headline-juiced energy prices. The macro discussion centers on September core CPI and PPI reports and mixed retail sales.
- Stock breadth improved even as tech led the S&P 500 lower for the week ended Oct. 16.
- Bonds experienced bull-flattening as short squeezes took hold despite hotter-than-expected inflation.
- The Bloomberg Commodities Index gained, but Eric Dhall called the move a “one-trick pony” in headline-juiced energy prices.
- September core CPI and PPI showed broad, hotter-than-expected inflation outside the energy complex, while retail sales were more mixed.
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