Interest Rate Squeeze to Drive Stocks & Bonds Lower with Andy Constan

Aug 30, 2023

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Interview Recorded - 29th of August, 2023

On this episode of the WTFinance podcast I had the pleasure of speaking with Andy Constan, CEO & CIO of Damped Spring Advisor.

During our conversation we spoke about Andy's thoughts on Jackson Hole, while higher interest rates will drive down both stocks and bonds, what this means for unemployment, what would change Andy's opinion and whether this could lead to further issues with banks. I hope you enjoy!

0:00 - Introduction
1:43 - Overview of Andy’s thoughts and Jackson Hole
8:35 - How is there a shortage of government debt?
11:03 - Duration moving during uncertainty
12:42 - Treasury raising funds
14:09 - Reverse Repo continue to pick up slack moving forward?
18:50 - Will employment slowly change or require a catalyst?
20:40 - Could student payment re-introduction impact inflation?
21:30 - Do individuals have to lose their job?
23:04 - What would have to change to change Andy’s perspective?
25:14 - Parallels to 2008?
27:25 - What will happen internationally?
28:49 - Dollar to continue to strengthen?
30:06 - Further issues in banks ?
32:28 - One message to takeaway from our conversation?

Andy has spent the past 35 years investing and trading global markets. Over the last 12 years, he has developed strong expertise in Macro investing working at Bridgewater Associates as an Idea Generator and most recently at Brevan Howard as Chief Strategist. Andy spent the first part of his career at Salomon Brothers and its successor companies. After 17 years at Salomon and as the Head of Global Equity Derivatives, Andy left and started two relative value hedge funds specializing in Multi-Asset Volatility Arbitrage and Capital Structure Arbitrage. Throughout his career, Andy has developed a keen cutting edge understanding of systematic quantitative research and investment while also deeply appreciating the importance of the insights that arise from discretionary investing strategies.

Andy Constan -

Twitter - https://twitter.com/dampedspring
LinkedIn - https://www.linkedin.com/in/andyconstan/
Website - https://dampedspring.com/

WTFinance -

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