| Podcasts

Do Markets Need Fed Rate Cuts? AI, Earnings & Credit Risk

May 22, 2024 |
1 minute read
|

Episode 3

Do markets need Fed rate cuts to keep climbing? Commonfund OCIO's Chief Investment Strategist Kris Kwait joins host Anita Hariton to unpack the latest macro dashboard, where employment is slowing, inflation remains stubborn above the Fed's two percent target, and leading economic indicators are turning positive. Kris explains why Commonfund rebalanced equity exposure back to neutral — selling into strength and rotating into core bonds and agency mortgages — and why the firm still expects only one to two rate cuts this year despite market optimism. The episode also tackles one of the most pressing questions from Commonfund clients: how to think about AI as an investment opportunity across public equities, venture capital, and hedge funds. Kris shares why AI is less a sector and more an innovation platform like the internet, and what Japan's robotics adoption tells us about AI's longer-term economic impact. The episode closes with the key signals Commonfund is watching most closely — corporate earnings, credit defaults, geopolitical risks, and the upcoming U.S. election.

View the full playlist and subscription options for this podcast here.

Kristofer Kwait

Author

Kristofer Kwait

Anita Hariton

Author

Anita Hariton

President and CEO, Commonfund Securities

Disclaimer

Certain information contained herein has been obtained from or is based on third-party sources and, although believed to be reliable, has not been independently verified. Such information is as of the date indicated, if indicated, may not be complete, is subject to change and has not necessarily been updated. No representation or warranty, express or implied, is or will be given by The Common Fund for Nonprofit Organizations, any of its affiliates or any of its or their affiliates, trustees, directors, officers, employees or advisers (collectively referred to herein as “Commonfund”) or any other person as to the accuracy or completeness of the information in any third-party materials. Accordingly, Commonfund shall not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any statement in, or omission from, such third-party materials, and any such liability is expressly disclaimed.

All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong to their respective owners and the use of such logos hereof does not imply an affiliation with, or endorsement by, the owners of such trademarks, copyrights, logos and other intellectual property.

To the extent views presented forecast market activity, they may be based on many factors in addition to those explicitly stated herein. Forecasts of experts inevitably differ. Views attributed to third-parties are presented to demonstrate the existence of points of view, not as a basis for recommendations or as investment advice. Market and investment views of third-parties presented herein do not necessarily reflect the views of Commonfund, any manager retained by Commonfund to manage any investments for Commonfund (each, a “Manager”) or any fund managed by any Commonfund entity (each, a “Fund”). Accordingly, the views presented herein may not be relied upon as an indication of trading intent on behalf of Commonfund, any Manager or any Fund.

Statements concerning Commonfund’s views of possible future outcomes in any investment asset class or market, or of possible future economic developments, are not intended, and should not be construed, as forecasts or predictions of the future investment performance of any Fund. Such statements are also not intended as recommendations by any Commonfund entity or any Commonfund employee to the recipient of the presentation. It is Commonfund’s policy that investment recommendations to its clients must be based on the investment objectives and risk tolerances of each individual client. All market outlook and similar statements are based upon information reasonably available as of the date of this presentation (unless an earlier date is stated with regard to particular information), and reasonably believed to be accurate by Commonfund. Commonfund disclaims any responsibility to provide the recipient of this presentation with updated or corrected information or statements. Past performance is not indicative of future results. For more information please refer to Important Disclosures.

Stay connected with the Insights Blog

Popular Podcasts


Market Commentary | Podcasts

Is the AI Bubble Real? Venture Capital Returns & Private Market Growth

Episode 8 In this episode of the Commonfund OCIO Point of View podcast, Julia Mord, Chief Investment Officer, Commonfund OCIO, discusses the current state of capital markets with Aaron Miller,...
Governance And Policy | Podcasts

Purpose-Driven Governance in the Nonprofit Sector

Join host George Suttles, Executive Director of Commonfund Institute in this episode of "Espresso Chats," a series by the Commonfund Institute serving up strong, short shots of governance and...
Market Commentary | Podcasts

Is U.S. Exceptionalism Over? Tariffs, Deficits & Growth

Episode 7 Is U.S. exceptionalism over? In this episode, Julia Mord, the new Chief Investment Officer of Commonfund OCIO, takes over as host and welcomes Kris Kwait for one final conversation before...

Disclaimer

Certain information contained herein has been obtained from or is based on third-party sources and, although believed to be reliable, has not been independently verified. Such information is as of the date indicated, if indicated, may not be complete, is subject to change and has not necessarily been updated. No representation or warranty, express or implied, is or will be given by The Common Fund for Nonprofit Organizations, any of its affiliates or any of its or their affiliates, trustees, directors, officers, employees or advisers (collectively referred to herein as “Commonfund”) or any other person as to the accuracy or completeness of the information in any third-party materials. Accordingly, Commonfund shall not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any statement in, or omission from, such third-party materials, and any such liability is expressly disclaimed.

All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong to their respective owners and the use of such logos hereof does not imply an affiliation with, or endorsement by, the owners of such trademarks, copyrights, logos and other intellectual property.

To the extent views presented forecast market activity, they may be based on many factors in addition to those explicitly stated herein. Forecasts of experts inevitably differ. Views attributed to third-parties are presented to demonstrate the existence of points of view, not as a basis for recommendations or as investment advice. Market and investment views of third-parties presented herein do not necessarily reflect the views of Commonfund, any manager retained by Commonfund to manage any investments for Commonfund (each, a “Manager”) or any fund managed by any Commonfund entity (each, a “Fund”). Accordingly, the views presented herein may not be relied upon as an indication of trading intent on behalf of Commonfund, any Manager or any Fund.

Statements concerning Commonfund’s views of possible future outcomes in any investment asset class or market, or of possible future economic developments, are not intended, and should not be construed, as forecasts or predictions of the future investment performance of any Fund. Such statements are also not intended as recommendations by any Commonfund entity or any Commonfund employee to the recipient of the presentation. It is Commonfund’s policy that investment recommendations to its clients must be based on the investment objectives and risk tolerances of each individual client. All market outlook and similar statements are based upon information reasonably available as of the date of this presentation (unless an earlier date is stated with regard to particular information), and reasonably believed to be accurate by Commonfund. Commonfund disclaims any responsibility to provide the recipient of this presentation with updated or corrected information or statements. Past performance is not indicative of future results. For more information please refer to Important Disclosures.