Episode #11
23. Is It Time to Move Cash Into Bonds? Navigating a "Bond Picker's Market" | Matthew Wrzesniewsky
With over $8 trillion in dry powder sitting in money market accounts and a brand-new Federal Reserve Chairman taking the helm, the fixed income landscape is facing a massive regime shift. Is your portfolio positioned correctly? In this episode of Positively Sloped , host Jake sits down with Matthew Wrzesniewsky, Head of Fixed Income Client Portfolio Management at Vanguard, live from Chicago ahead of the Morningstar conference. Together, they unpack why today’s environment has officially evolved into a "bond picker's market" and how long-term investors should navigate tight credit spreads, stubborn inflation, and geopolitical volatility. © 2026 Kingsview Wealth Management Important Disclosures: Kingsview Wealth Management is an investment adviser registered with the SEC. Registration does not constitute an endorsement of the firm by the SEC nor does it indicate that Kingsview has attained a particular level of skill or ability. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. All opinions expressed by the Positively Sloped participants are solely their opinions and do not reflect the opinions of Kingsview Wealth Management, its parent company or any of its affiliates. You should not treat any opinion expressed on this podcast as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of an opinion. Such opinions are based upon information the Positively Sloped participants deem reliable. Kingsview Wealth Management serves as portfolio manager to separately managed account strategies and investment adviser to exchange-traded funds. As of the date of this recording, those strategies and funds held positions in NVIDIA, AMD, and Apple and did not hold positions in Google or Berkshire Hathaway. Disclosures Continued: All investing is subject to risk, including possible loss of principal. Be aware that fluctuations in the financial markets and other factors may cause declines in the value of your account. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income. Diversification does not ensure a profit or protect against a loss. Investments in bonds are subject to interest rate, credit, and inflation risk. Municipal bond fund distributions, including any market discount recognized by the Fund's investments, may be taxable as ordinary income or capital gains. A majority of the income dividends that you receive from the Fund are expected to be exempt from federal income taxes. However, a portion of the Fund’s distributions may be subject to federal, state, or local income taxes or the federal alternative minimum tax. You should consult your own tax advisor with respect to any particular U.S. or non-U.S. tax consequences of your investment in the Fund. High-yield bonds generally have medium- and lower-range credit quality ratings and are therefore subject to a higher level of credit risk than bonds with higher credit quality ratings. Private investments involve a high degree of risk and, therefore, should be undertaken only by prospective investors capable of evaluating and bearing the risks such an investment represents. Investors in private investments generally must meet certain minimum financial qualifications that may make it unsuitable for specific market participants. © 2026 The Vanguard Group, Inc. All rights reserved.
