Macro & Volatility™
Josh Silva of Passaic Partners and Michael Purves of Tallbacken Capital discuss the world of investing through the lens of cross-asset and derivative frameworks.The information, opinions and views expressed on this podcast are for informational purposes only and are not intended as investment advice. The opinions expressed may not align with Passaic Partners' views or its client strategies. Market forecasts are speculative and should not be the sole basis for investment decisions. Consult your financial and tax advisors before making any investments.
Latest episodes
Jul 1, 2025 • 17min
Macro & Volatility™ #22: Tempered Cross-Asset Volatility
US Dollar allergy & US Treasury curve illnessTipping point for US Dollar weaknessRisk appetite still going strong!
May 29, 2025 • 24min
Macro & Volatility™ #21: Re-shoring, Re-industrialization, De-globalization
The winners, the losers, and the in-betweensOld economy vs New economy CapExTrump has Made Europe Great Again (“MEGA”)US De-globalization is leading to Global De-correlation
May 1, 2025 • 11min
Macro & Volatility™ #20: 4000s without a Recession
Realized volatility did the heavy liftingTrade (“Cold”) War discountPace of news flow will slow
Mar 27, 2025 • 9min
Macro & Volatility™ #19: Beyond Liberation Day
What does Liberation Day mean for inflation?Bonds and the Fed are pointing to growth contraction and moderate stagflationTail-hedging didn’t workTrump Put is very different than the Fed Put
Feb 25, 2025 • 11min
Macro & Volatility™ #18: Deconstructing the Bond Bid
The bond market says ...What's driving the yields?The VIX continues to be higher for longer
Jan 30, 2025 • 16min
Macro & Volatility™ #17: Insight into the Tele-tech Frenzy of the 90s and How it Applies to AI Today
CEO FOMO, 30 years later.Using lessons from the past to understand risk today.A key difference in valuations, then and now.
Jan 29, 2025 • 16min
Macro & Volatility™ #17: Insight into the Tele-tech Frenzy of the 90s & How it Applies Today
CEO FOMO, 30 years later; Using lessons from the past to understand risk today;A key difference in valuations, then and now
Jan 7, 2025 • 13min
Macro & Volatility™ #16: Trading the “Art of the Deal”
The US political risk premium. Market corrections could be violent. Upside may be limited by PE contraction; downside may be limited by two Trump puts.
Nov 25, 2024 • 6min
Macro & Volatility™ #15: Bessent’s Job Won’t Be Easy
Rate volatility will likely be higher for longer. Elevated rate volatility means higher mortgage rates. High mortgage rates will contribute to higher inflation.
Oct 29, 2024 • 10min
Macro & Volatility™ #14: Gold, Post-Election and Beyond
Fleeting competition for gold. Gold strength continues despite dollar range, elevated rates, and low vol. Silver can catch up.
