This week we discuss the unwinding of the carry trade, the impact of correlations during deleveraging events, and which assets stand to benefit the most from increased liquidity and upcoming rate cuts. We also delve into the widening of credit spreads, steel man the recession argument, and examine the state of the labor market. Enjoy!
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Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
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Timestamps:
00:00 Introduction
01:38 Reflecting On The Market Unwind
07:41 No Asset Spared In Deleveraging Events
12:23 Polkadot Ad
13:22 Navigating Extreme Volatility
18:39 Assessing Liquitidy Signals
21:23 What Benefits The Most From Liquidity & Rate Cuts?
23:36 Looking At Credit Spreads
26:14 Steel Man-ing The Recession Argument
42:30 Permissionless Ad
43:10 State Of The Labor Market
45:38 Where Is Economic Growth?
50:37 Is The Recession On Its Way?
55:18 Crypto Market Overview
01:03:36 Biggest Trading Mistakes
01:08:26 How Much Of The Carry Trade Is Unwound
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
