In this Australian Investors Podcast episode, your host Owen Rask speaks with Tony Crescenzi, Executive Vice President and Market Strategist at PIMCO, to discuss:
- Why defensiveness is PIMCO’s current strategy
- The lessons from over four decades in markets
- The concept of a new global monetary order
- Where bonds fit for modern Australian investors
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Topics Covered
- Tony’s best non-financial investment & personal reflections
- What he looks at each morning to gauge markets
- Where this moment ranks in terms of global dislocation
- Insights from his books and what his next one might be
- Tariffs as a historic experiment & biggest market risks
- How he thinks central banks will respond next
- The “new global monetary order” and how it’s unfolding
- Revising the 10-year yield: what’s changed?
- How PIMCO expresses a defensive framework in portfolios
- Advice for Aussie investors with equity-heavy portfolios
- The future of the 60/40 portfolio model
- Why Crescenzi maintains optimism amid macro uncertainty
- AI’s potential impact on bond investors & PIMCO
- What gives Tony hope and perspective as a long-term investor
- What Tony would tell his younger self about markets and life
