57: Forecasting the next downturn, with Justin Onuekwusi and Emiel van den Heiligenberg

Question: Are people at parties talking to you about stocks?    If the answer is ‘yes’ then (1) you could be going to the wrong sorts of parties or, more likely, (2) this could be a qualitative indicator that the economy is in ‘bubble’ territory.   This episode looks at the ways investors can use quantitative and qualitative indicators to try and forecast the next economic recession. After a valiant attempt to explain the economic cycle in just one sentence, Emiel van den Heiligenberg, Head of Asset Allocation, discusses why the triggers of the next downturn will be different and why cycle dynamics means that resilient portfolio construction is more important than ever.   Also joining the podcast is resident Yogi Berra expert and Head of Retail Multi-Asset Funds, Justin Onuekwusi, on how he integrates these indicators and behavioural economics into his portfolio strategy and how the market is ‘like déjà vu all over again’.   To find out more about his eponymous ‘Heiligenberg Index’, read Emiel’s latest blog here: https://macromatters.lgim.com/categories/strategy/i-have-a-fascination-for-market-bubbles/?cid=lgimtalks    ·         Emiel van den Heiligenberg, Head of Asset Allocation ·         Justin Onuekwusi, Head of Retail Multi-Asset Funds ·         Eliza Grimond, Content Manager   We want to hear from you! Email us at [email protected] with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.     This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.