Market Minutes Recap – Converging Correlations Impact Investors

For the first time in 20 years, stocks are down 10%, and bonds are down 10%. As correlations change, George Mateyo, Chief Investment Officer, drills deeper into the new tools that can add diversification and hedge uncertainty in investors’ portfolios. Our team also weighs in on other key topics of the week, including the implications of a stale GDP report, mixed corporate earnings, and peaking inflation. As attention turns to the Federal Reserve (Fed) FOMC meeting next week – will the Fed stay on course with the fastest pace of rate tightening since 1994? Join the latest edition of our Key Wealth Matters podcast, where our team helps clarify the outlook and provide actionable insights to investors.
Speakers:
George Mateyo, Chief Investment Officer, KeyBank Investment Center
Brian Pietrangelo, Managing Director of Investment Strategy, KeyBank Investment Center
Rajeev Sharma, Managing Director of Fixed Income, KeyBank Investment Center
  • 01:03 – Recap of key economic indicators, including three things to know about the economy
  • 04:53 – Outlook on the market and thoughts on GDP data 
  • 06:57 – Preview of the Fed FOMC meeting next week and implications for fixed income markets 
  • 12:23 – The concept of correlation and what it means for overall portfolio construction 
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