How Pimco is Preparing for the Next Capital Loss Cycle with Dan Ivascyn
6/15/20261 hr 9 min
On this special episode of The Compound and Friends, Michael Batnick and Downtown Josh Brown sit down with Dan Ivascyn, Group Chief Investment Officer at PIMCO, for a wide-ranging conversation on markets, bonds, AI, and the forces reshaping the global economy. They discuss PIMCO’s latest secular outlook, “Rupture and Resilience,” and explains why geopolitical uncertainty, tariffs, deglobalization, AI infrastructure spending, and rising debt levels are creating both risks and opportunities for investors. This episode is sponsored by VanEck. Learn more about RAAX at https://www.vaneck.com/RAAXCompound/overview/ Sign up for The Compound Newsletter and never miss out: thecompoundnews.com/subscribe Instagram: instagram.com/thecompoundnews Twitter: twitter.com/thecompoundnews LinkedIn: linkedin.com/company/the-compound-media/ TikTok: tiktok.com/@thecompoundnews Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Van Eck Disclosure: Investing involves substantial risk and high volatility, including possible loss of principal. Call 1-800-826-2333 or visit http://vaneck.com/ to read and consider the prospectus, containing the investment objective, risks, and fees of the fund, carefully before investing. Learn more about your ad choices. Visit megaphone.fm/adchoices
Clips
Transcript preview
First 90 secondsMichael Batnick· Host0:00
One of the things that I haven't really discussed, 'cause I think it's obvious to me but maybe not everybody, is we've been so bad for so long. Like, it's been so long, and so many horrendous eras from, I mean, obviously Phil Jackson, but way before that. Uh, Isiah and D'Antoni, and Herb Williams, and Mike Woodson, and just so much garbage and... Are you a big basketball fan or not really?
Dan Ivascyn· Guest0:25
I am. No, I am, I'm, uh- Do you remember this guy Anthony Randolph? Uh- He was like a skinny 6'11" kid from, that, like, never came to fruition.
Michael Batnick· Host0:33
He was, we got him when he was like 25 from Golden State, and he was gonna be the next guy. And, like, there's just so much, so many years of just misery.
Dan Ivascyn· Guest0:42
Yeah.
Michael Batnick· Host0:42
Barneyani. Uh, just all these washed up guys.
Josh Brown· Host0:46
I don't know. You can tell I'm not a really big Knicks fan.
Dan Ivascyn· Guest0:47
No, I know. And I'm, I'm a big Celtic fan, so I've had, I've had season tickets, uh, to the Celtics since, I wanna say 2013.
Josh Brown· Host0:53
Okay.
Dan Ivascyn· Guest0:54
We were pretty bad back then, if you remember, but, uh- Who- Same deal, stock, stock some draft picks and- Who, who was, who was the, the squad when you, when you got in there? Oh, God. We were, uh... I don't even remember who- 2013 Celtics. It was almost, it was almost- No, I was gonna say after Walker...
Michael Batnick· Host1:08
Well, Pierce was still there.
Dan Ivascyn· Guest1:09
Yeah, it was almost nobody. We, we had- No, was that, oh, wa- Isiah, Isiah joined- Oh, was that post-Pierce?
Michael Batnick· Host1:13
When, when did they trade Pierce to the Nets?
Dan Ivascyn· Guest1:14
Pierce had been '08, so, uh- So he was already gone ... he, he would have, he would have, like, two years left. We had cleaned house pretty much, so it was just a lot of young talent then.
Michael Batnick· Host1:21
So pre-Tatum and Brown. I don't remember who was there.
Dan Ivascyn· Guest1:22
Um, uh, the Utah kid that we got.
Michael Batnick· Host1:26
Oh, Gordon Hayward.
Dan Ivascyn· Guest1:27
Oh, well, we had, well, we had, we had, uh- And Kyrie ... the Kyrie rolled through.
Michael Batnick· Host1:29
Yeah, yeah.
Dan Ivascyn· Guest1:29
Hayward