Straight Talk with Mark Bouris #196 Chris Joye Returns: Middle East Tensions, Trump’s Tariffs & Australia’s Economic Drift
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Jun 30, 2025 Chris Joye, head of Coolabah Capital, sheds light on the tumultuous landscape of global markets as Trump's tariffs shake economies. He discusses bond trading strategies and the impact of geopolitical tensions in the Middle East on financial predictions. The conversation dives into Australia's housing market stress and productivity challenges, alongside a thorough look at tax reform and the NSW budget. Joye also touches on the complicated dynamics between Elon Musk and Trump, revealing how such relationships influence economic policies.
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Trump's Market Impact Shift
- Trump initially caused a major market drop with his aggressive trade war stance.
- He then shifted to placate markets, triggering a strong bond buying opportunity.
Quantitative Bond Trading Edge
- Coolabah earns 7%-8% yield by trading large bond volumes daily with high accuracy.
- Quantitative models drive 98% of trading decisions, minimizing subjective errors.
Using Models to Predict Rate Moves
- Coolabah uses extensive quantitative models to forecast central bank rate decisions.
- They price bonds precisely without betting on RBA or Fed rate direction.