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Podcast: Money Life with Chuck Jaffe
Episode: John Hancock's Roland expects 'a nice rally' in fixed income through '22
Description: Emily Roland, co-chief investment strategist at John Hancock Investment Management, says the bond market is pricing in 11 quarter-point rate hikes from the Federal Reserve this year, and with three in the books through May, she believes the Fed will step back from its plan and that rates will not move up as much as anticipated. As a result, she is expecting a bond rally that will help fixed-income play its traditional role as a volatility damper in portfolios. Roland says the economy looks to her like it can avoid recession but the stock market is acting like it has a...