Macro Hive Conversations With Bilal Hafeez Jim Leitner on Creating a Macro Edge, Trading Options and Carry Trades
7 snips
Mar 24, 2023 AI Snips
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Episode notes
Multipolar World
- The world is shifting from a unipolar/bipolar state to a multipolar one.
- This creates opportunities for idiosyncratic bets in specific countries like India or Brazil.
Smaller Multipolar Markets
- The multipolar world extends beyond large emerging markets, including countries like Czechia or Poland.
- Increased liquidity and idiosyncratic factors make these smaller markets interesting for macro investors.
Inflation Concerns
- Current inflation is significantly supply-driven, making central bank policy less effective.
- This uncertainty implies higher inflation volatility than markets currently price in.