Risk Management Principles
Listen now
Description
Alf and Brent discuss the ECB and Bank of Canada cuts, and reflect on the big bond market moves seen recently coupled with carry trade implosions. The discussion focuses around risk management principles to prevent bad left tail outcomes when running carry trades, and how to identify positive expected value trades in macro. Alf is offering a 2-weeks free trial to his institutional research: ping Alfonso Peccatiello on Bloomberg to get in. Brent just launched Spectra School: www.spectramarkets.com/school Transcript of this episode: https://www.spectramarkets.com/tmtf-transcript-07-june-2024/ Paper about the real value of gold: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4807895 The Signing of the Boob: https://x.com/donnelly_brent/status/1798055339881107626
More Episodes
In this week's episode, Brent and Alf discuss the implications of a Republican sweep. Markets reacted in a textbook way, but today they are busy unwinding most ''Trump trades''. Should we take Trump's agenda at face value and assume it's negative for bonds and positive for the USD? Or should we...
Published 11/08/24
Published 11/08/24
Heading into US elections, US bond markets are on fire: yields are selling off, the term premium is back in positive territory, and investors are worried the sell-off can extend further. Alf and Brent discuss a framework to assess bond yields, the role of tariffs, how to look at the US Dollar and...
Published 10/25/24