3min chapter

Mutiny Investing Podcast cover image

45. Robert Mullin: Commodities with Carry and Convexity

Mutiny Investing Podcast

CHAPTER

Is Your Portfolio Short Canadian Housing a Good Hedge?

I think there's more convexity in being short um Canadian housing than there would be in adding more uh resource exposure. My biggest vulnerability as a long resource manager is that global central banks particularly North American central banks are more aggressive than the market currently expects. So who would be the biggest loser from you know the Bank of Canada going 75 and maybe another 50 or another 75 by far the biggest loser there is the Canadian housing market.

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