The Macro Trading Floor cover image

Don't Bet Against The Swiss National Bank | Vincent Deluard

The Macro Trading Floor

00:00

How Long Does It Take to Get Your Principl Back?

The composition of the equityindices is favorable towards lower realilds, not higher reallil. The analysis asin the pastof four years has led to a structural increase in the duration of pretty much every assect. And you even see that in bondindises. All the v all the money going into v cs was basically everybody pumping asset into very high duration assets. I think i calculated once that the duration of the fang was about like 35 years. In fact, whe when you derive so much of your value for stuff that will happen in 30 years a if you have dot, a discounted casual model imen, you really see how senceiv you are to small

Play episode from 31:08
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app