Podcast Episodes
Back to SearchRun It Hot Hot Hot
Alf and Brent discuss the surprising Jackson Hole speech in which Powell opened up to interest rate cuts already in September. Markets are reacting s…
4 months, 3 weeks ago
Is The Fed Ready To Capitulate Dovish?
Alf and Brent discuss the weak labor market data and the likely Fed reaction function. The duo also reflects on how you might be right on the macro i…
5 months, 1 week ago
The Tariff Mismatch Theory
Alf and Brent discuss the sharp USD repricing and the market positioning for a mild tariff impact on the US economy - what if we get a surprising slo…
5 months, 2 weeks ago
Carry & Options In A Trump World
Alf and Brent discuss the recent clashes between the Trump administration and the Fed, the more friendly deal-making stance on tariff deals, and how …
5 months, 3 weeks ago
Macro Crossroads: What's Next For Markets?
Alf and Brent discuss the crossroads ahead of us for the economy and markets: the USD selling seems to have lost steam, and tariffs' impact on the ec…
5 months, 4 weeks ago
Time For The Fed To Turn Dovish?
Alf and Brent discuss the recent soft CPI print and the state of the US labor market. They highlight the odds of a dovish Fed pivot, and what that mi…
7 months ago
Another $5 Trillion of US Deficits in 10 Years: Now What?
Alf and Brent discuss recent market developments with a focus on the ''big beautiful bill'' that Republicans are trying to pass in the House and Sena…
8 months ago
Recession Risks & Reflexivity
Alf and Brent discuss the reflexivity bias: now that the S&P500 is rallying again, investors are keen to talk about AI Capex driving indexes higher -…
8 months, 2 weeks ago
Trillions 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 ow…
8 months, 3 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 Vigilante…
9 months ago