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Guggenheim Macro Markets

Guggenheim Investments
Federal Reserve
Inflation
Guggenheim Investments
Monetary Policy
Structured Credit
Private Debt
Corporate Credit
Tariffs
Fixed Income
Market Volatility
Recession
Interest Rates
Private Equity
U.S. Economic Growth
Artificial Intelligence
Bond Market
Labor Market
Commercial Real Estate
Private Credit
Asset-Backed Securities

Tune in to Macro Markets to hear the top minds of Guggenheim Investments offer timely analysis on financial market trends. Guests include portfolio managers, fixed income sector heads, members of the Macroeconomic and Investment Research Group, and more.

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Latest Episodes

Private credit has experienced significant growth in recent years, fueled by institutional and individual investors that have recognized the potential for high risk-adjusted returns and borrowers’ need to expand credit channels beyond banks and publi... more

War, oil spikes, and a transition at the Federal Reserve contributed to a volatile first half of 2026, but the relative calm at the year’s mid-point is an opportune time to examine some of the forces that could drive markets in the coming quarters. U... more

Investors today are navigating a set of complex macroeconomic, geopolitical, and market forces. Whatever the market conditions, Guggenheim Investments leans in to structured credit as an important allocation in most of our fixed-income strategies. In... more

Investors today are navigating a set of complex macroeconomic, geopolitical, and market forces. Whatever the market conditions, Guggenheim Investments leans in to structured credit as an important allocation in most of our fixed-income strategies. In... more

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Recent Guests

Rusty Parks
Portfolio manager on the private debt team
Guggenheim Investments
Episode: Episode 89: Beyond the Private Credit Headlines: Finding Opportunity in a Noisy Market
Evan Serdensky
Senior Portfolio Manager, Total Return Team
Guggenheim Investments
Episode: Episode 83: Geopolitical Risk Rears Its Head
Mike Schwager
Managing Director and Equity Market Strategist
Guggenheim Investments
Episode: Episode 82: The Next Test for Equities?
Ryan Sundby
Vice President, Equity Product Specialist
Guggenheim Investments
Episode: Episode 82: The Next Test for Equities?
Maria Giraldo
Market strategist
Guggenheim Investments
Episode: Episode 81: AI’s Macro and Market Impact: A Framework for Investors
Matt Bush
US economist
Guggenheim Investments
Episode: Episode 81: AI’s Macro and Market Impact: A Framework for Investors
Steve Brown
Chief Investment Officer for Fixed Income at Guggenheim Investments
Guggenheim Investments
Episode: Episode 80: Fixed-Income Outlook: Sunny with a Chance of Tail Risks
Tom Hauser
Head of Corporate Credit
Guggenheim Investments
Episode: Episode 72: Credit Cycle Check-In
Dan Montegari
Head of Research for Corporate Credit
Guggenheim Investments
Episode: Episode 72: Credit Cycle Check-In

Host

Jay Diamond
Head of Thought Leadership / Host of Macro Markets (Guggenheim Investments) with deep emphasis on macro strategy and investment research.

Reviews

4.8 out of 5 stars from 72 ratings
  • Listener

    Awesome show! It is very informative.

    Apple Podcasts
    5
    GR1!
    United Statesa year ago
  • Not great

    The analysis is fine. Nothing to write home about. You never think: wow, these guys are smart. But, oh man, the delivery. It’s like listening to someone read their book report in front of the class.

    Apple Podcasts
    3
    Petrovafossil
    United States2 years ago
  • Excellent

    Thank for for producing these podcasts. I really appreciate the in depth discussions. I am an advisor with Ameriprise.

    Apple Podcasts
    5
    appssuck7788
    United States3 years ago
  • Great Educational Podcast

    I’ve listened to every episode of this podcast. It is great and educational source of fixed-income. Getting information on macroeconomics is also great. I really like their concise, explanations of these relatively complex topics. Can’t wait for the next episond

    Apple Podcasts
    5
    HowardH
    United States3 years ago
  • Incredible Stuff

    A great overview of the macroeconomic outlook from a fixed income perspective.

    Apple Podcasts
    5
    Nick.Bast23
    United States3 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Strong data-driven content, though some listeners note delivery could be more engaging.
Excellent depth on fixed income and macro themes; great for advisors and institutional audiences.
Insightful macro and credit discussions with practical investment takeaways.

Chart Rankings

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Talking Points

Recent interactions between the hosts and their guests.

Episode 87: The Complexity Premium in Structured Credit: The Opportunity Set Today (Part 2)
Q: What are your views on CLOs given the current macro backdrop and dispersion in loan markets?
CLOs remain a mixed bag but with constructive angles in single-A and higher tranches where stress testing shows resilience; the macro backdrop supports carry, ETFs and other strategies are increasing demand, and loan dispersion fuels selective opportunities in certain tranches while preserving risk controls.
Episode 87: The Complexity Premium in Structured Credit: The Opportunity Set Today (Part 2)
Q: So to begin, walk us through the market dynamics in the important sub-sectors of structured credit and where you are seeing value right now?
The value comes from a favorable intersection between valuation and fundamentals across sub-sectors. While timing can be influenced by technicals, our approach emphasizes sustainable credit quality and the ability to select securities where the yield compensates for the risk, particularly in commercial ABS and certain CNBS opportunities where credit diversity and structural protections can drive favorable outcomes.
Episode 85: Corporate Credit Standing Strong After a Volatile Q1
Q: Tom, how was the first quarter overall for leveraged credit? Walk us through what you saw happening.
The first quarter was negative for both high yield and syndicated loans after a long streak of positive performance; loans fell ~47bp and high yield ~50bp, though coupons remained attractive and AI-related themes drove sector-specific dynamics.
Episode 85: Corporate Credit Standing Strong After a Volatile Q1
Q: Now, Tom, before we dive into a discussion of the current market and your outlook right now, can you give us an overview of the corporate credit landscape and the sectors that you manage?
Tom outlines an integrated framework where investment-grade, high yield, and bank loans are all managed together, emphasizing bottom-up credit research supported by macro cues; he highlights the role of macro views in shaping individual credits and the importance of avoiding unintended bets in portfolios.
Episode 83: Geopolitical Risk Rears Its Head
Q: All right. Let's start with the war in Iran, and Evan, let's start with you. How has the Iran conflict affected the markets?
The markets have been drawn to energy prices as the main transmission channel, with oil shocks feeding inflation expectations and shaping risk sentiment, but broad growth and financial conditions have shown resilience amid these shocks.

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Frequently Asked Questions About Guggenheim Macro Markets

What is Guggenheim Macro Markets about and what kind of topics does it cover?

A finance-focused, research-driven show featuring Guggenheim Investments' macro, credit, and fixed income experts. Across episodes, the conversations center on macro themes, AI-driven productivity, geopolitical risk, inflation dynamics, and portfolio strategy for different market regimes. Guests from macro research, corporate credit, and real assets frequently share data-driven frameworks, practical investment ideas, and risk management insights meant to help institutional and sophisticated individual investors. Noteworthy is the recurring emphasis on regime shifts, AI infrastructure and productivity, and the intersection of geopolitics with policy and markets, which provides both strategic and tactical takeaways for portfolios across equit... more

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Which podcasts are similar to Guggenheim Macro Markets?

These podcasts share a similar audience with Guggenheim Macro Markets:

1. FICC Focus
2. The Credit Edge by Bloomberg Intelligence
3. Thoughts on the Market
4. Exchanges
5. At Any Rate

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Guggenheim Macro Markets launched 5 years ago and published 90 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Guggenheim Macro Markets?

Recent guests on Guggenheim Macro Markets include:

1. Rusty Parks
2. Evan Serdensky
3. Mike Schwager
4. Ryan Sundby
5. Maria Giraldo
6. Matt Bush
7. Steve Brown
8. Tom Hauser

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