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
The Fed is pursuing QT while being careful to avoid market disruption. Compare scenarios for QT and markets in Putnam's Macro Report.
Signs of falling inflation have helped risk assets recently, but the relief is likely temporary.
As inflation sticks around, it is important to think about how it is related to high government debt.
A contracting money supply paired with the Fed's quantitative tightening is adding bank sector stress on Treasury and MBS markets.