Macro & Volatility™ | Podcast en RSS.com

Macro & Volatility™

Macro & Volatility™

por Josh Silva and Michael Purves

Macro & Volatility™ #31: Why "Higher Everything" Makes Sense

Equity rally is broad, earnings-driven, and still not stretched Markets can tolerate higher rates until speed becomes the risk AI capex is creating a sustained, structural inflation floor

Macro & Volatility™ #30: Operation Epic Earnings

Equity rally is fundamentally earnings-driven, not war “denial” Excessive hedging mispriced the upside Bonds are selling off because inflation is shifting from short-term to structural

Macro & Volatility™ #29: Foolin'

Convexity conundrum: diversifying assets didn’t work Commodities are not tariffs and cannot be altered at the stroke of a pen Tape bombs are having diminishing impact

Macro & Volatility™ #28: How has Operation Epic Fury affected the fear indices?

More about rotation than direction Bonds are still not protecting Implied correlation / VIX is at a record low

Macro & Volatility™ #27: Seismic Activity but No Real Fear

Healthy correction in gold and silver Higher nominal rates globally Warsh’s impact on the MOVE and VIX

Macro & Volatility™ #26: "Love Vigilantes" - New Order

Ready, Shoot, Aim Fed Misunderstanding of Oracle CDS Welcome back to the ‘90s

Macro & Volatility™ #25: Who’s Special in a K-shaped Economy?

Long Vol and long Delta Paid to be long Correlation Buy Everything!

Macro & Volatility™ #24: Certain things are true... for now!

Risk-on sentiment is reinforced by accelerated global earnings Markets go up... volatility goes up The Magnificents’ P/E-to-expected growth is favorable — not true for the Everything Else Cross-asset correlations are already historically high — a short hop to “1” Gold is expected to move higher, driven by global populist monetary and fiscal stimulus

Macro & Volatility™ #23: Bonds are Losing their Diversification Benefits

• Surprise — no surprises • Front end is clear • Back end is lost

Macro & Volatility™ #22: Tempered Cross-Asset Volatility

US Dollar allergy & US Treasury curve illness Tipping point for US Dollar weakness Risk appetite still going strong!

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