The Market Huddle

Simon White, Bloomberg's Macro Strategist, joins Patrick to discuss the end of central bank independence, stock market momentum, impact of inflation on different sectors, limitations of the stock market perpetual motion machine, and potential for increased volatility in a low-volatility regime.

This week, bond portfolio wizz Efficient Market Hype joins Patrick and Kevin. They discuss interest rates, hard vs soft data, and predict a volatile rangebound market in 2024. They also explore economic syncopation disruption, challenges of curve trades, differences between UK and US markets, and rationality of the curve. The conversation touches on recognizing mistakes, investing in future trends, and the stunning Lake Toba in Indonesia. Lastly, they reflect on trading mistakes, global economy, copper stocks, and their favorite drinks.

Cem Karsan, founder of Kai Volatility Advisors, discusses dispersion trading, factors driving vol compression, analyzing dispersion index, risks of zero DTE options, monitoring convex moments, and impact of options expiration on market direction.

Boris Schlossberg, Managing Director of BKForex, discusses market complacency and interest rates as a macro indicator. They explore underappreciated geopolitical risks like the situation in Israel. The podcast also covers the rotation out of MAG 7 stocks and observations on intraday moves in the market. They discuss Nancy Pelosi's trading strategy, leap call spreads, and the importance of being humble when predicting market trends.

Mandy Xu, Head of Derivative Market Intelligence for CBOE, joins Patrick and Kevin to discuss volatility, divergence between rates and equity volatility, the new dispersion index, and top things to watch in the market. They also analyze the dollar's potential for a bounce back, crude oil price action, emerging markets performance, credit worthiness, trading options on shorter timeframes, and banter about cold weather in different locations.

Barry C. Knapp, Founder and Director of Ironsides Macroeconomics, joins the podcast. They discuss the FED's aggressive hiking cycle and its effects on various sectors, including small banks, businesses, real estate, and the government. They delve into the market's reaction to the September meeting and the Fed's response. The likelihood of a recession triggered by rising unemployment and its impact on investors is explored. The guest also discusses the potential scenario of the Fed cutting rates, the struggles in the back end of the market, and shares where listeners can find more of his work.

The hosts discuss the current state of the market, analyzing the S&P 500, market sentiment, and potential resistance levels. They also analyze gold's performance and chart patterns, as well as the low volatility in the market and its impact on crude oil. The podcast also includes an analysis on copper, uranium, commodities, US dollar, and bonds, as well as the potential breakout in the Nikkei chart. The hosts end by exchanging greetings and discussing their favorite beer and the 12 Pups of Christmas tradition.

Kuppie joins Patrick to discuss his investment strategy of buying cheap assets with a tailwind, managing concentrated positions, and the potential of the uranium market. They also talk about the earnings growth and buyback programs of Valeris and Tidewater, the mispricing of Joe's stock, and their profitable Twitter accounts. They tease a special holiday episode and a dinner exclusive to a few lucky listeners.

Edward Harrison, author of The Everything Risk newsletter on Bloomberg, joins the show to discuss the developing risks in the markets. Topics covered include the Fed's dovish stance and potential risks, the potential comfort of the Federal Reserve chairperson in being more hawkish, the sustainability of low volatility, recognizing and cutting losses, fiscal spending and the Santa Claus rally, the dominance of Mag seven stocks in the S&P 500, the oversupply of natural gas, buying and selling stocks, analysis of the CAD JPY currency pair, the steepening yield curve and Fed's impact on bond prices, buying Petrobras stock, casual conversation about beer, barbecued sardines and movie reviews, and a discussion of the TV show Squid Game and its real game show counterpart.

Macro strategist Tavi Costa joins the host to discuss indicators of a recession and the impact of tightening monetary conditions. They analyze the 'magnificent seven' companies with high valuations, discuss Brazil's market, and explore investment opportunities in the precious metals equity markets. They also highlight the potential in limited stock availability and declining gold production in the precious metals industry.