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Tag: bonds

Season 3, Episode 21: Dangers Lurk in Market Structure’s Changing Dynamics

With Michael Green, Portfolio Manager and Chief Strategist, Simplify Asset Management

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Michael Green, portfolio manager and chief strategist at Simplify Asset Management, joins the podcast to discuss the changing dynamics of market structure and how these are creating the potential for havoc.

Content Highlights:

  • Market structure: what it means and how it has changed (3:30);

  • How passive investing pools are changing the equation (6:26);

  • How Tesla (TSLA) is the perfect case study for this phenomenon (8:39);
  • The Fed’s impact when it comes to the bond market. This has ripple effect (13:02)

  • The interest rate and inflation outlook in the U.S. (15:34);
  • Background on the guest (20:55);

  • Passive investing has caused a host of confusing signals where the market cycle is concerned (24:37);
  • Business cycles are still alive and well, and this can of course impact the market. Where that stands today (30:05);

  • Market ‘skew’ is dramatically higher and chances of a collapse are increasing. “The market senses something is wrong.” (34:31).

More Information on the Guest:

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Season 3, Episode 18: Bubbles Lurk in Sovereign Debt, Financial Engineering

With Michael Ehrlich, Director of Leir Research Institute at New Jersey Institute of Technology

Michael Ehrlich, director of the Leir Center for Financial Bubble Research at the New Jersey Institute of Technology, joins the podcast to discuss his views.

Dr. Ehrlich has identified two areas of concern: sovereign debt and financial engineering.

This is not his only area of interest however, as Dr. Ehrlich is passionate about early-stage venture/angel investing, which guides the discussion in the second half of the episode.

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Season 3, Episode 17: Don’t Fear Inflation, the Fed is Right, 10-Year Yields to Drop to 0.5% (Updated)

With Alfonso Peccatiello, The Macro Compass

(Adds transcript to the bottom of this page. To get the transcript sooner, and take advantage of a host of other benefits, become a premium subscriber).

Alfonso Peccatiello joins the podcast to discuss his contrarian views on inflation, bond yields, and interest rates.

The guest doesn’t buy the inflation narrative entirely, believing credit creation has peaked. We are likely to see negative economic surprises and drawdowns in risk assets starting in the fourth quarter. The yield on 10-year bonds should peak at 0.5% due to a ‘Eurofication’ of the U.S. yield curve.

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