Grant’s Current Yield Podcast
A CURRENCY AFFAIR
Dec 14, 2023
Brent Donnelly, President of Spectra Markets, discusses the dynamics of commodity markets, the debate between hard and soft economic landings, reflections on the pre-recession market, currency trades and performance, and the impact of falling currencies on American travelers.
38:08
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Quick takeaways
- Money is flowing back into commodity markets, with younger generations buying Bitcoin and those over 50 buying gold.
- There is a possibility of a return to a scenario similar to the period between 2010 and 2019, characterized by low inflation, low growth, and low yields.
Deep dives
Commodity markets and the split between gold and oil
The podcast discusses the interesting situation in commodity markets, where money is flowing back into the market due to reduced recession concerns and anticipation of an election and a more dovish Fed. Depending on the generation, there is a split between buying Bitcoin (for the younger generation) and buying gold (for those over 50). Oil, on the other hand, remains in a slump due to a history of failed catalysts and a Pavlovian hesitation to invest in it.
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