Markets

Guggenheim co-chair warns investors to brace for ‘significant volatility’ in markets as election nears and virus goes unchecked

Guggenheim Securities’ Jim Millstein told Bloomberg on Tuesday that investors should brace for a period of significant volatility ahead. The co-chairman cited uncertainty around the election and the lingering covid crisis as sources of volatility. He also said it’s “obvious” there has been a bubble around technology stocks. Visit Business […]
Guggenheim co-chair warns investors to brace for ‘significant volatility’ in markets as election nears and virus goes unchecked
Markets

Guggenheim’s Scott Minerd says coronavirus is possibly the worst thing he’s seen in his career — and that the Fed is powerless to stop the market fallout

Scott Minerd of Guggenheim called the coronavirus “possibly the worst thing I’ve ever seen in my career” in an interview with Bloomberg Television on Thursday. He also said that the Federal Reserve is “fairly impotent” to stop the market damage as “lowering interest rates isn’t going to encourage somebody to […]
Guggenheim’s Scott Minerd says coronavirus is possibly the worst thing he’s seen in his career — and that the Fed is powerless to stop the market fallout