On today’s episode of “The Macro Trading Floor,” Andreas and Alfonso welcome Michael Gayed of Toroso Investments and publisher of The Lead-Lag Report to the show for a discussion on if their is a bull case for markets.
Michael discusses the poor performance of bonds throughout the year as they failed to hedge equity drawdowns. What does this mean for the traditional 60/40? And how does the YTD performance compare with periods throughout history? Finally, Michael shares his actionable trade idea, but to hear that, you'll have to tune in!
--
This episode is sponsored by Saxo Bank. Saxo Bank offers unparalleled market coverage across fiat, crypto and metals. Moreover, they provide free currency subaccounts and competitive interest rates on deposits in local currencies. Learn more at https://goto.saxo/macrofx
--
Follow Michael: https://twitter.com/leadlagreport
Follow Andreas: https://twitter.com/AndreasSteno
Follow Alf: https://twitter.com/MacroAlf
Follow Blockworks: https://twitter.com/Blockworks_
Subscribe To The Macro Compass: https://themacrocompass.substack.com/
Subscribe To Stenos Signals: https://andreassteno.substack.com/
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
--
00:00 Introduction
01:05 A Recap From London
14:07 Feature Interview With Michael Gayed
17:27 Is This Time Really Different?
20:31 Death By A Thousand Cuts Or A Systemic Event?
25:01 Investor's Are Underestimating How Serious This Is
26:52 Expecting A Prolonged Bear Market
29:26 Analysing The Risk On/Off Environment
31:48 The Housing Market
35:25 Michael's Actionable Trade Idea
40:27 Post Interview: Final Thoughts
--
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.
