More important are broad-based pressures such as wage prices, said Davis, speaking on Barron’s Live on September 13. He said the odds of a U.S. recession in 2023 are elevated as the U.S. Federal Reserve tries to tamp down broad-based pressures by raising short-term interest rates.
The wide-ranging conversation with Lauren Foster, senior writer at Barron’s, touched on a number of topics of interest to investors. including:
- Is the 60/40 portfolio dead?
- What is the role of bonds in a portfolio?
- Are equity markets past the worst in the current cycle?
- Where is the yield of the 10-year Treasury headed?