The Macro Trading Floor

Brent and Alf discuss the n-th injection of the Orange Variable in markets: Trump decided to escalate again with Iran, and even suggested the ceasefire might be over altogether. The duo discusses how to approach these injections of uncertainty, and what are the best trading and risk management frameworks to deploy here.

Alf and Brent discuss the major market shifts since the Warsh press conference. Is this a big macro shift or just a mini-trend that will ultimately slow down or even reverse?

To reach out to Alf: alf@palinurocapital.com (or Alfonso Peccatiello on BBG)

To reach out to Brent: bdonnelly@spectramarkets.com (or Brent Donnelly on BBG)

In this episode, Alf and Brent discuss the best risk/reward ways to position for the macro environment ahead of us. They then deep dive into option structures around gold, and the question of increasing sample size of trades to reduce PnL variance against the risk of downgrading your edge and expected value per trade when the sample size increases.

To reach out to Alf: alf@palinurocapital.com (or Alfonso Peccatiello on BBG)

To reach out to Brent: bdonnelly@spectramarkets.com (or Brent Donnelly on BBG)

In this episode, Alf and Brent focus on various aspects of their investment/risk management process. They discuss several ideas and how to implement them according to their framework: when to use options? How to think about convexity?

To reach out to Alf: alf@palinurocapital.com

To reach out to Brent: bdonnelly@spectramarkets.com

Alf and Brent refresh their macro and trading frameworks on the basis of new info: the Iran/US MoU in negotiation phase, how the world might look like when Hormuz reopens, the Japanese FX intervention and more.