PIMCO talks about its 2018 investment outlook
PIMCO produces some high-quality videos on YouTube but no one watches them. Here's one just released on their 2018 investment outlook.
Some highlights:
- The Fed wants above-target inflation, but markets might not be happy about it
- This might be the year when the markets are wrong and Fed is right
- Markets are pricing in two hikes, we think it will be three
- The risk is we could see some overheating
- Investors should be worried about volatility widening spreads
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