Odd Lots How A Macro Manager Is Trading On One Of The Wildest Markets In History
Mar 19, 2020
Naufal Sanaullah, a macro strategist at EIA All Weather Alpha Partners, discusses the unprecedented volatility in today's financial markets. He draws parallels with historic downturns like the Great Recession and 9/11. The conversation dives into the urgent need for quick trading decisions amidst chaos and examines how government policies shape market dynamics. Sanaullah also highlights liquidity challenges and the role of gold as a trading asset, offering valuable insights into navigating this turbulent landscape.
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Market Selloff Speed
- The current market selloff is astounding due to its speed.
- It raises questions about whether technical factors or genuine economic fears are driving the decline.
Market Analogies
- Naufal Sanaullah compares the current market volatility to the 2008 financial crisis in terms of liquidity issues.
- He likens the real economy shock to 9/11 but extended over a longer period.
Limited Monetary Policy Impact
- The Federal Reserve's emergency actions, including slashing rates and QE, had little positive market impact.
- This suggests that fiscal policy, not just monetary policy, is needed.