2min chapter

The Macro Trading Floor cover image

A 2023 Global Macro Outlook | Alfonso Peccatiello & Andreas Steno Larsen

The Macro Trading Floor

CHAPTER

The Best Trade for 2023 and the Worst Trade for 23

One trade you must own for the entire year. Long to your treasuries. They're going to end the year probably pricing the Fed at 2.5%, 2% Fed funds by the end of 2024. Eurodollar December 24 would be the best, but it can buy two year, five year Treasuries. That's the trade I want to have on the book. My take is higher. So that's the same. And I guess we will sum it up in a year from now, and I don't know whether we can make this deal, Alfonso. If I have more rights out of these six quickies than you, you will go on air eating pineapple pizza

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