Welcome to Macro Voices

Erik Townsend and Patrick Ceresna welcome Juliette Declercq back to MacroVoices. Erik and Juliette discuss:

• Outlook on the U.S. Dollar for 2018
• Do rate differentials matter?
• Has there been a regime shift?
• Is equity risk premium just catching up to higher real yields?
• How does the economic data tie back into bearish dollar narrative?
• What has happened this year in the U.S. dollar?
• Tactical considerations on a new U.S. dollar short
• Market positioning on the interim
• Can surprising strength in U.S. economy change the outlook?

SPECIAL POST GAME GUEST: TG MACRO'S TONY GREER

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JDI research focuses on providing timely and exclusively trade-driven market strategy on global assets and risk (FX, EM, Fixed Income, commodities and equities). Juliette Declercq is the main analyst. With a strong macroeconomic background and 17 years of experience in strategy and proprietary trading (JPMorgan & Morgan Stanley and at 2 hedge funds Idalion and Stone Milliner), Juliette has spent most of her career advising some of today’s most successful portfolio managers. Juliette Declercq has a proven ability to turn a vast amount of information (macro, geopolitical, technical, statistical and psychology analysis) into high impact & good risk reward trade ideas (cross-product and cross-asset). Whilst being aware of all macro trends and studying them in depth, Juliette believes that psychology plays as big a part in driving asset prices in the time frame hedge fund portfolio managers are pressured to deliver returns nowadays. As such, she spends as much time gauging consensus and the likely way it will swing from one narrative to the other than on the macro story itself. This process allows for consistent and precise market timing. JDI research provides regular roadmaps for traders to navigate markets successfully and timely updates on game changers. The service does not stop at the regular roadmap, we also offer a daily and customised presence to premium clients to ensure continuous and timely thoughts and trade ideas to portfolio managers.