Podcast Episodes
Back to SearchTrillions of US Dollars To Sell?!
This week, Alf and Brent focus on an obscure yet crucial component of FX flows: the hedging needs from large institutional investors. These whales own $33+ trillion of USD-denominated assets, and ove…
Published on 4 months, 2 weeks ago
The Bond Vigilantes Are Here
Alf and Brent discuss the incredible price action we are witnessing: USD down, equities down, and now bond yields up too. This is what Bond Vigilantes price action looks like, and while it's typical …
Published on 4 months, 4 weeks ago
You Ready For Liberation Day?
Alf and Brent discuss the ''Liberation Day'' deadline for tariffs - and come up with some interesting conclusions. Also, the duo assesses what the Trump administration's long-term plan might be. Fina…
Published on 5 months, 1 week ago
Wake Up: The German Fiscal Stimulus Is Huge
Alf and Brent discuss the German fiscal stimulus announcement: with its gigantic magnitude and fast-track process, this marks a historical turnaround for Germany and Europe. The implications for mark…
Published on 6 months ago
Growth Scare: Yes or No?
Alf and Brent unpack the last big market moves which investors are broadly interpreting as a growth scare. Is that the correct interpretation? And in general: are we going to have a US growth scare o…
Published on 6 months, 1 week ago
The Next Big Macro Trade
Markets are caught between cross currents, and the thesis for a stronger USD / sticky inflation seems as valid as the thesis for gentle disinflation / slower growth. Brent and Alf discuss what the ne…
Published on 6 months, 2 weeks ago
How To Trade Tariff Day
In this episode, Alf and Brent reflect on the upcoming ''Tariff Day'' and how to trade it. The duo shares their scenario-based approach covering multiple asset classes including bonds, FX and equitie…
Published on 7 months, 3 weeks ago
The UK Bond Market Is Imploding
Alf and Brent discuss the big moves in UK bond markets and the drop in the UK Sterling: bond vigilantes are in action, but what next? They also focus on the upcoming tariff announcement and the impac…
Published on 7 months, 4 weeks ago
The Most Hawkish Fed In Years - What Now?
Powell delivered a super hawkish message: inflation remains sticky, and the Fed won’t cut rates as much as the market expected in 2025. The “Fed Put” is not there anymore - should investors go and bu…
Published on 8 months, 2 weeks ago
The US Dilemma in 2025
Alf and Brent discuss the US dilemma in 2025: should Trump be aggressive out of the gate with tariffs sacrificing growth for foreign policy victories, or should he focus on other priorities allowing …
Published on 8 months, 3 weeks ago