On today’s episode of “The Macro Trading Floor,” Andreas and Alfonso welcome Frances Donald Global Chief Economist & Strategist at Manulife Investment Management. Walking through the most important macro factor right now, inflation, Frances shares how every central bankers worst nightmare is manifesting itself in markets.
Sharing her outlook on inflation and the bond market, Frances sees a scenario where the flattening yield curve will lead to another inversion across 2's 10's & 5's 30's. Could a new regime of secular stagflation be upon us? Frances then shares her actionable trade idea, but to hear that, you'll have to tune in!
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Referenced In The Show:
Fed Likely to Consider 0.75-Percentage-Point Rate Rise This Week: https://www.wsj.com/articles/bad-inflation-reports-raise-odds-of-surpris...
ECB to design new bond-buying plan to tackle market turmoil: https://www.ft.com/content/c519e5d5-f4c3-4554-9484-ddca75cf9bf3?sharetyp...
Stop Fooling Around, J-Pow: https://themacrocompass.substack.com/p/bad-cop-good-cop#details
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Timestamps:
00:00 Introduction
00:59 Top Stories Of The Week
07:41 Take Of The Week
14:33 Feature Interview With Frances Donald
16:03 FOMC Meeting
22:38 Inflation
27:21 The Neutral Rate
30:55 The Yield Curve
35:59 Frances' Actionable Trade Idea
39:27 Quantitative Tightening
42:42 Post Interview: Final Thoughts
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Disclaimer: Nothing discussed on The Macro Trading Floor should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
