Welcome to Macro Voices

Erik Townsend and Patrick Ceresna welcome Charlie McElligott to MacroVoices. Erik and Charlie discuss:

• Impact of policy change on the yield curve
• Drivers of volatility in rates
• Fed taking the pro-inflationary stance
• Futures driven equity unwind
• CTA positioning on the SPX
• SPX/SPY/QQQ Gamma/Delta extremes
• Consolidated Gamma flip
• VVIX and VIX positioning
• Vol is either "too high" or S&P should be a lot lower
• Buyside embrace economic pessimism

We strongly recommend that you download the chart book that accompanies this interview, as Erik and Charlie will refer to it throughout the interview. Registered users here at MacroVoices.com already received the download link in your research roundup e-mail. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (65.50 MB) . | Download the podcast transcript:   pdf Here (175 KB)

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

• Current status of inflation
• The FED's inflation framework and its credibility
• How the FED is failing to meet its inflation mandate
• Lower rates and its effect on the yield curve and inflation expectations
• Possibility of a financial crash and economic downturn
• FED-induced inflation shock and its effect on bond yields and risk asset valuations
• How the higher break in the US dollar will affect inflation expectations and the FED's cutting cycle
• What is ahead - policy path and inflation outlook
• China/US trade negotiations and its effect on global liquidity and global reflation

We strongly recommend that you download the chart book that accompanies this interview, as Erik and Juliette will refer to it throughout the interview. Registered users here at MacroVoices.com already received the download link in your research roundup e-mail. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

Click here to register for access to supporting materials.

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (71.56 MB) . | Download the podcast transcript:   pdf Here (145 KB)

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Erik Townsend and Patrick Ceresna welcome Dr.Lacy Hunt to MacroVoices. Erik and Dr.Hunt discuss:

• Outlook on US economy and the global economy
• Synchronized global downturn and risks of a recession
• Zero bound for policy rates and its risk
• How long can the system sustain in a ZIRP environment
• Debt induced weakness undermining growth rate
• What's next, quantitative easing or debt monetization
• Perspective on the FEDs ability to print money
• Destabilization of the global monetary system
• Where to position trades on the bond yield curve
• Deflationary risks in this environment
• Perspectives on Modern Monetary Theory

Click here to register for access to supporting materials.

Get embed code for this episode. | For other embed code options click here. | Download the audio MP3 File (60.86 MB) . | Download the podcast transcript:   pdf Here (158 KB)

Click to Play Now!