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On today’s episode, two hedge fund veterans Andy Constan & Nick Givanovic, Co-Founders of 2 Gray Beards join the show for a discussion on the recent bond market sell-off, the journey towards recession island in 2024 & the path ahead for equity weakness depending on the U.S Treasury's QRA at the end of October. To hear all this & more, you'll have to tune in!
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Referenced In The Show:
Logan’s speech is worth reading: the “why” of this recent bond selloff matters importantly for the Fed: https://twitter.com/NickTimiraos/status/1711371085889864063
The U.S. Treasury Is Neutralizing The Fed's Quantitative Tightening | Michael Howell & Andy Constan: https://www.youtube.com/watch?v=5nZwrE_uNcg
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Timestamps:
(00:00) Introduction
(01:28) How To End An Inflation Cycle
(06:43) A Wave Of U.S Treasury Issuance Is Coming To Market
(17:12) The Fed Will Be Happy With The Bond Market Sell-Off
(19:43) Blockworks Research Ad
(20:30) The U.S. Treasury Is Neutralizing The Fed's Quantitative Tightening
(27:48) Debt & Deficits
(35:11) Reacting To Geopolitical Uncertainty In Markets
(41:33) Preparing For Act 4 In A Move To Recession Island
(47:41) Inflation
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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.
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