Anatomy of a Recession: Anatomy of a Recession: Not All Hiking Cycles Are Created Equal

In this episode of Talking Markets, Jeff Schulze, Head Investment Strategist at the Franklin Templeton Institute, walks us through the latest Recession Risk Dashboard reading. Eleven of 12 indicators are currently green, putting recession odds at a modest 15%. He also covers September's softer jobs report, why the Fed may take a patient approach with potentially one final hike in December, and the 130-basis-point rise in the 10-year Treasury yield, which he believes are driven by real yields, not inflation fears. Jeff also touches opportunities in non-US equities and emerging market bonds after a Fed hiking cycle begins, plus a potential seasonal tailwind following the midterm elections.