
Ep. 202: Alberto Gallo on Trump, Fiscal Risks, and Market Outlook
Macro Hive Conversations With Bilal Hafeez
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Complacency in the Market and Portfolio Shift
This chapter explores the current level of complacency in the market indicated by low implied volatility and credit spreads. It discusses the potential need for a shift in investment portfolios due to assumptions of stable inflation and inverse correlation between stocks and government bonds. The chapter suggests including more credit and real assets as hedges against inflation.
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