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DoubleLine Cross Asset Strategists & Portfolio Managers, host a series of podcasts recapping the previous weeks market updates.
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AI Skepticism, Stale Data and a Coin Toss (E241)
Episode 241
Friday, 21 November, 2025

DoubleLine Portfolio Manager Eric Dhall and Analyst Mark Kimbrough review the week ended Nov. 21, with stocks lower on AI speculation skepticism (0:48), positive high-grade bond returns (2:17) and easing commodities (4:36). Their macro review (9:08) includes the resumption of the government statistical mills, idled by the 43-day shutdown, which churned out a mixed bag of overdue labor market data. While fed funds futures are pricing in likelihood of a quarter-point rate cut Dec. 10, Eric Dhall warns weeks of macro prints lie ahead and regards the odds at this point in time as a coin flip. Among the prints due during the Thanksgiving week ahead (19:45), Eric and Mark will be on the lookout for stale-but-we’ll-have-to-take-it September reports of the PPI, retail sales and durable goods; and the Conference Board’s consumer confidence index for November.