Mr. Daigle is a Portfolio Manager of Putnam Convertible Securities Fund. He specializes in analyzing equities, performing fundamental research, and selecting securities for Putnam’s convertible securities strategies. Previously at Putnam, Mr. Daigle served as an Investment Associate and an Analyst in the Equity Research group. In these roles, he was responsible for conducting fundamental analysis, assessing company valuations, and making buy/sell recommendations across multiple sectors. He has been in the investment industry since he joined Putnam in 2004.
More from the Fixed Income team
Fixed income markets experienced widespread declines in the U.S. and globally in the third quarter of 2022, as inflation remained high and became more broad-based.
In the coming months, the Fed will not likely pivot, but pause and wait with a high level of rates for convincing signs of disinflation.
Limited labor supply, higher wages, and a high staff turnover seems to have initiated a wage-price spiral.
Demographic shifts and labor imbalances might have disturbed consumption-saving decisions that impact inflation.