Jim Smigiel | Source | Chief Investment Officer at SEI
Jim Smigiel
Jim Smigiel is the Chief Investment Officer for SEI, where he leads a team of investment professionals dedicated to the research, development, implementation, and ongoing oversight of our strategic and active global asset allocation program. Previously, he oversaw our Global Fixed Income Team with responsibility for strategy development, as well as manager evaluation and selection.
Prior to joining SEI, Jim served as Portfolio Manager and Senior Investment Officer at PNC Advisors/BlackRock Financial Management, where he managed institutional fixed-income portfolios.
Jim holds a Bachelor of Science in economics from Drexel University.
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SEI
Chief Investment Officer
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Bond market’s weakness for such a long stretch is ‘unprecedented,’ Bespoke finds
‘Bonds have been swirling down the toilet,’ notes the investment-research firm
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Fed decision a 'wild card' for markets in second half of year
As stock markets (^DJI,^IXIC,^GSPC) enter the second half of the year, investor focus has shifted to the Federal Reserve's stance on monetary policy. SEI chief investment officer Jim Smigiel offers his insights on the economic landscape. While acknowledging the economy's resilience, Smigiel warns that higher interest rates will likely remain challenging in the coming months. He states, "We see inflation being stickier than expectations," and suggests that if the Fed were to cut rates, it would likely be limited to only one for the year. "The one wild card here is what will the Fed do," Smigiel told Yahoo Finance. He believes a July rate cut is "off the table" and views a September rate cut as unlikely, given its proximity to the election. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
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What Nvidia’s (NVDA) Pullback Means for Markets | Morning Trade Live| Schwab Network
The markets fade following the latest manufacturing data. Jim Smigiel discusses the current relationship between stocks and bonds. He also talks about what Nvidia’s (NVDA) pullback means for markets.
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From the Fed’s perspective, they at this stage are willing to trade a little GDP and a little bit of unemployment to get the inflation rate down. I think they feel as though they’re backed into a bit of a corner. Nothing that’s happening today is going to set them off course. They’re going to be coming in early and guns blazing a bit.
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While inflation, growth and monetary policy concerns are global in nature, Europe is uniquely exposed to the Russian-Ukraine conflict which has exposed the fragility in the continent’s energy infrastructure.
