Money Life With Chuck Jaffe Daily Podcast

Mirova's Fairbanks: There's no real precedent for the coming recession

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Synopsis

Amber Fairbanks, portfolio manager at Mirova on the firm's global sustainable equity strategy, says that she thinks a recession is coming, likely early next year and while she expects it to be mild, investors and experts are mostly guessing at that because there is no real precedent for the kind of high inflation, rising rate environment we are seeing today. Fairbanks, speaking in the Market Call segment, also talked about sustainable equities, which is a good comparison for the Big Interview segment featuring Venk Reddy,  chief investment officer for sustainable credit strategies at Osterweis Capital Management, who also noted that market conditions are going to favor active managers who can separate the worthy credit investments from the ones that will get caught up in negative market conditions. Plus, David Trainer of New Constructs revisits a recent Danger Zone pick that he says has joined the walking dead of zombie stocks, and Christian Mitchell discusses a recent Northwestern Mutual survey showing that