Macro-to-Micro Power Hour

Rates Matter

Rates matter - more than anything right now given we are an economy of debt. Higher real yields are causing concern as the Inflation "super-cycle" narrative starts to spread.

 

Samantha and Jonathan discuss and debate whether the market is front-running not only a 'taper tantrum' (potential tighter monetary) and USD rally (core inflation stronger than expected) but also increasing odds of a de-risking or rotation event (think gamma unwind) from growth-to-value!

Huge VIX Squeeze Coming?

"Morgan Stanley Warns Record Flood Of Retail Investors Is Buying The VIX, Could Trigger Huge Squeeze". 

Jonathan of@vigtecofficial and Samantha aren't buying it so instead they discuss how short-end of VIX curve shows extreme complacency with hedge fund cross-asset positioning. They discuss $TSLA holding UP the market and with it all EPS expectations... and why it matters! 

Samantha shares her upcoming Volatility Regime thesis and continues her commodity long, bond/gold short thesis but with an important caveat. Fed is likely to intervene sooner rather than latter. Bond market smells it. 

Today was a very deep dive into all things bonds, volatility and dollar with a side of Silver as monetary reserve. Don't Miss This Macro-To-Micro Power Hour!

Going to Cash

Jared Dillian @dailydirtnap just went to the bear side and liquidated his IRA. He shares with Samantha his thoughts on every asset class - from gold and oil to mania markets and Bitcoin.

Jared is Editor of The Daily Dirtnap, Bloomberg Opinion columnist and Host of The Jared Dillian Show. No holds barred kinda guy so don't miss his prescient market calls!

Lawyering A Trade and Market Mania

Jonathan of @vigtecofficial and Samantha bring their Bull vs Bear argument for a macro look at risks, knowing full well we are in market melt-up retail-frenzy mode. Biggest Question: If there's no natural buying at these prices, what happens when the gamma music stops? And when trading is this easy, we know the turn is soon.