Reinhard: Economic Outlook Worsening In The Medium-Term
Voya senior portfolio manager and head of asset allocation Barbara Reinhard was on Bloomberg TV discussing her outlook for the stock market and the broader macro environment. Reinhard said that she believes “bond yields have probably already peaked at this point. We saw the top of the 10-year Treasury yield peak back in very early May and we think that the world is going to go from worrying about inflation to worrying about recession. So, we think this is the very beginning of the worries we see happening for the economy.”