PODCAST: The Fixed-Income Perspective with GenTrust's Jim Besaw
Chris chats with the CIO about the Fed and rate cuts, recession signals, his experience with AI, and how equity investors should approach fixed-income markets.
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On this edition of the Action Alerts PLUS Podcast, Chris Versace chats with Jim Besaw, co-founder and Chief Investment Officer at GenTrust, a firm that focuses on investment strategies for high-net-worth individuals, institutions, and family offices.
Ahead of the Fed concluding its next policy meeting, we wanted to talk with Besaw because of his role at GenTrust and also because of his background in fixed income. That history yields a very different take on the probability of Fed rate cuts than those captured in the CME FedWatch Tool. Besaw also shares some of the risks he thinks the Fed may look to avoid as they get ready to eventually dial back monetary policy.
Besaw also discussed some of the signals he is watching when it comes to the economy and a potential recession as well as how GenTrust thinks about putting capital to work in the current market environment. That prompts a conversation about the Magnificent Seven, P/E multiples, and AI, and how his firm has used AI since 2015.
We close out the conversation discussing how equity investors should approach the fixed-income markets and the qualities investors should look for in investment candidates ahead of what looks to be a wave of debt refinancing in the next several quarters.