Rydex Dynamic Fds, Inverse Russell 2000 2x Strategy Fund Cl C · NASDAQ:RYIZX
Rydex Dynamic Fds, Inverse Russell 2000 2x Strategy Fund Cl C — Guggenheim Investments — Investor Presentation (January 2023)
14 slides from Rydex Dynamic Fds, Inverse Russell 2000 2x Strategy Fund Cl C's investor presentation, January 2023
Slide 1: 10 Macro Themes for 2023
Guggenheim Investments 10 Macro Themes for 2023 January 2023
Slide 2: 10 Macro Themes for 2023
10 Macro Themes for 2023 This collection of charts presents 10 of the macroeconomic trends we believe Macroeconomic and are most likely to shape the investment environment in 2023. Investment Research Group Brian Smedley 1. Inflation Will Fall More than the Fed Expects Senior Managing Director, Chie
Slide 3: Inflation Will Fall More Than the Fed Expects
Inflation Will Fall More Than the Fed Expects Core PCE Price Index, YoY% Change U.S. inflation is set to fall sharply in 2023, with many of the factors Historical Data Guggenheim Forecast that drove inflation higher now reversing. 6% Goods prices are already falling, and supply chain improvement
Slide 4: The Unemployment Rate Will Rise from Historically Low Levels
The Unemployment Rate Will Rise from Historically Low Levels Unemployment Rate: Increase from Trailing 2-Year Low Fed communication has made it clear that reported inflation must Actual Fed Projection not only come down, but it must stay contained over the medium 4.0% term. To be confident that wi
Slide 5: A Recession Will Start Around the Middle of 2023
A Recession Will Start Around the Middle of 2023 Guggenheim Model-Based U.S. Recession Probability Our recession forecasting tools suggest that a recession will Next 6 Months Next 12 Months likely start around the middle of 2023. 100% 1 E-5 1 An increase in the unemployment rate of the size the
Slide 6: Strong Credit Fundamentals Will Limit Spread Widening
Strong Credit Fundamentals Will Limit Spread Widening U.S. Nonfinancial Corporate Net Interest Payments as a Share of Corporate Output In 2020 and 2021, U.S companies issued record 6.0% volumes of debt in an effort to improve balance sheet liquidity and lock in extremely low 5.5% borrowing rates f
Slide 7: Attractive Yields Will Drive Fixed-Income Returns
Attractive Yields Will Drive Fixed-Income Returns Bloomberg U.S. Aggregate Bond Index Yield and 1-year Forward Return The Fed’s aggressive tightening cycle drove a painful resetting of 15% bond yields in 2022, but the upshot is that the central bank has put “income” back in fixed- 2002 income, the
Slide 8: High-Quality Fixed Income Will Outperform Equities
High-Quality Fixed Income Will Outperform Equities Guggenheim Bull/Bear Market Indicator Our internal models based on economic and market indicators Bull Periods Bear Periods have flipped to a risk-off asset allocation regime, where safer 2.0 assets such as high-quality 1.5 corporate bonds are exp
Slide 9: Bonds Will Again Provide Diversification as Fed Wins the Inflation Battle
Bonds Will Again Provide Diversification as Fed Wins the Inflation Battle Rolling 52-Week Correlation Between the S&P 500 and the Bloomberg U.S. Aggregate Bond Index Fixed-income assets are often used to provide income and 0.80 diversification within a multi-asset Stocks Up, Bonds Up COVID Regime
Slide 10: Structural Housing Supply Shortage Will Limit Downside to Home Prices
Structural Housing Supply Shortage Will Limit Downside to Home Prices Housing Vacancy Rate vs. Aggregate Loan-to-Value Ratio After surging in 2020 and 2021, home prices have been declining Vacant Housing Units, % of Housing Stock (LHS) in recent months as the jump in Outstanding Mortgage Debt, % o
Slide 11: China Reopening Will Boost Energy Demand
China Reopening Will Boost Energy Demand China Flight Bookings and Crude Oil Imports China’s sharp reversal of its zero COVID policy will boost mobility, Monthly Flight Bookings, Millions, 6-Month Avg. (LHS) in turn lifting energy demand in Crude Oil Imports, MMbbl/d, 6-Month Avg. (RHS) China and
Slide 12: Divided Government and Narrow Majorities Will Spur Debt Limit Drama
Divided Government and Narrow Majorities Will Spur Debt Limit Drama Net Majorities in the House of Representatives & Senate (% of Total Seats of Respective Chamber) Narrow majorities in Congress have become more common in Democrat Control Republican Control recent years, resulting in policy gridlo
Slide 13: Disclosures and Legal Notice
Disclosures and Legal Notice This material is distributed or presented for informational or educational purposes only and should not be Applicable to United Kingdom investors: Where this material is distributed in the United Kingdom, it is considered a recommendation of any particular security, stra
Slide 14: Guggenheim's Investment Process
Guggenheim’s Investment Process Guggenheim’s fixed-income portfolios are managed by a systematic, disciplined investment process designed to mitigate behavioral biases and lead to better decision-making. Our investment process is structured to allow our best research and ideas across specialized tea
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