Taper Tantrums and Fiscal Cliffs: Weaning Markets off Pandemic Largesse
08 11 2021 - 08 11 2021
The COVID-19 pandemic has already lingered for more than a year and a half, with no finite end in sight. The impact it has had on global markets and economies has been significant, but what comes next? Join the New York Alternative Investment Roundtable for a discussion with Daniel Sternoff, a Senior Managing Director at Medley Global Advisors and Head of Macro Content at Energy Aspects, about what is likely to be in store for markets once the pandemic is finally taken out of the equation.
Topics covered in the discussion will include:
- What if inflation isn’t “transitory”?
- How the FOMC’s internal debates on employment and inflation will shape financial conditions.
- Inside the Biden administration’s strategy to both pass a bipartisan infrastructure compromise and a huge Democrat-only reconciliation package -fiscal headwinds or additional tailwinds?
Daniel Sternoff is Medley Global Advisors Senior Managing Director and Head of Macro Content at Energy Aspects. He leads the firm’s Washington research, focusing on monetary, fiscal, trade, regulatory and foreign affairs. Daniel has more than 20 years’ experience helping top investors and corporate and sovereign entities navigate their exposures at the intersection of global politics and financial markets. Before joining Energy Aspects, he was Managing Director and head of US research for Macro Advisory Partners, where he led that firm’s emerging markets practices, with a particular focus on oil markets, China and energy geopolitics. Prior to moving into consulting, he was a Jerusalem-based correspondent with Reuters where he directed the news agency’s Treasury and Foreign Exchange desks in New York.