Macro & Volatility™
Josh Silva and Michael Purves
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.
Episodes
Mentioned books
Jun 16, 2024 • 10min
Macro & Volatility™ #5: The Fed has created Optionality
The podcast discusses how the Federal Reserve impacts market uncertainty and equity volatility, creating optionality in market dynamics. They analyze the correlation between equities and bonds, explore the potential of a commodity supercycle to spur inflation, and emphasize the importance of strategic decision-making by the Fed in handling ongoing supply constraints.
Jun 16, 2024 • 9min
Macro & Volatility™ #4: Higher Rates, Higher Growth, Higher VIX?
Exploring the effects of rising interest rates on the VIX and equity options market, historical trends of buying calls in the 90s market, the challenges for the Federal Reserve in managing volatility levels, and the constraints on future easing measures due to stubborn inflation levels.
Jun 16, 2024 • 9min
Macro & Volatility™ #3: 4 cuts, 3 cuts, 2 cuts, NONE!
Michael Purves and Josh Silva analyze the impact of rising interest rates on the economy, VIX, and equity market volatility. They delve into historical comparisons with the 90's tech-driven rally, discuss potential implications of 4.5% or 5% Treasury Yields on VIX and stocks, and explore the effects of inflation control on fixed income and equity markets.
Jun 16, 2024 • 8min
Macro & Volatility™ #2: Dispersion - time to start paying attention
The podcast delves into the dispersion trade's impact on VIX spikes, drawing parallels to past market volatility. It explores risks in leveraged short volatility trades and discusses hedging strategies like purchasing puts or investing in the VIX. The conversation also highlights opportunities in purchasing stocks strategically during market shifts.
Jun 16, 2024 • 11min
Macro & Volatility™ #1
Financial experts Michael Purves and Josh Silva dive into topics such as the upcoming Fed meeting, market expectations, equity market dynamics, interest rate effects, Fed mandates, rate volatility, VIX behavior, and the 'Dual Goldilocks' concept.
