CNBC, Released on 6/17/20

Mohamed El-Erian, chief economic advisor at Allianz, says the stock market is in a “win-win” mindset as the Federal Reserve provides continued stimulus. He warns of distorted “zombie markets” and explains how some sectors will benefit while others will miss out during the economic recovery.

Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world’s largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at Salomon Smith Barney/Citigroup in London and before that, he spent 15 years at the International Monetary Fund in Washington, D.C. His book, When Markets Collide: Investment Strategies for the Age of Global Economic Change, was a New York Times and Wall Street Journal bestseller.

  coronavirus, covid 19, global economy, stock market, us economy, zombie markets