On today's edition of "Boiler Room," Alfonso Peccatiello walks through his most recent article on The Macro Compass titled "The Crazy Market Rally Explained".After a sharp decline in markets throughout 2022, many investors were caught off guard by the recent rally in equites. Is the bear market over? Should we expect a rally from here? "Hold your horses" says Alfonso.--Follow Alfonso: https://twitter.com/MacroAlfFollow Blockworks: https://twitter.com/Blockworks_Subscribe To The Macro Compass: https://themacrocompass.substack.com/ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/--Referenced In The Show:The Crazy Market Rally Explained: https://themacrocompass.substack.com/p/crazy-market-rally#details--Timestamps:(00:00) Introduction(00:45) The Fed's Neutral Rate(04:21) Inflation Is Priced To Slow Down Aggressively(05:55 )Real Rates Are Driving Markets(10:01) Slaying The Inflation Dragon--Disclaimer: Nothing discussed on Boiler Room should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Rising star in the macro world, Srivatsan Prakash, joins Alfonso Peccatiello, to argue that the risk of a recession is elevated. Prakash looks at indicators such as the copper-to-gold ratio and the inversion of the yield curve to make the case that a prolonged economic slowdown might be in the cards.Alf and Sri discuss China, Canadian housing, why bonds might be an attractive way for investors to hedge for this recession risk. Sri is the host of the Market Champions podcast and an intern at Simplify Asset Management.Follow Srivatsan Prakash on Twitter https://twitter.com/SrivatsPrakashFollow Alfonso: https://twitter.com/MacroAlfFollow Blockworks: https://twitter.com/Blockworks_Subscribe To The Macro Compass: https://themacrocompass.substack.com/ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/--DASAttend DAS, crypto and macro’s favorite institutional conference: http://digitalassetsummit.co/ - Use code NYC250 to get $250 off tickets (Only available this week!)--Timestamps:(00:00) Introduction(01:07) Are We Headed For A Recession?(08:49) Yield Curve Inversion Is Harbinger Of Recession(12:50) Copper-To-Gold Ratio(17:28) What's Going On In China?(23:53) Canadian Real Estate Market--Disclaimer: Nothing discussed on Boiler Room should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

On today's edition of "Boiler Room," Alfonso Peccatiello is joined by Imran Lakha for a discussion on Europe, the ECB and a deep dive into the options market. With Nord Stream pipeline disruptions all throughout the week, Imran discusses the various mounting headwinds facing the European economy in 2022 from risk of recession, energy venerability and soaring inflation making the statement that "the ECB is cornered". Imran then goes on to discuss the options market from a variety of asset classes and explains what the market is pricing, but to hear that, you'll have to tune in!-- Follow Imran: https://twitter.com/options_insightFollow Alfonso: https://twitter.com/MacroAlf Follow Blockworks: https://twitter.com/Blockworks_ Subscribe To The Macro Compass: https://themacrocompass.substack.com/Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/-- Timestamps:(00:00) Introduction (00:26) Europe, Russia & The Nord Stream Pipeline(02:56) "The ECB Is Cornered"(08:32) Market Pricing(12:17) Structuring An Options Position(23:29) Whats Happening In U.S Markets?(25:08) Will The Fed Get A Soft Landing?-- Disclaimer: Nothing discussed on Boiler Room should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

On today's edition of "Boiler Room," Alfonso Peccatiello is joined by Jeff Snider and Steve Van Metre of Atlas Financial. Jeff, Steve & Alfonso walk through some of the biggest misconceptions in our current monetary system. We discuss some of the emerging signs of a collateral shortage in the banking system, the current labor market, bank lending data and the inversion of the eurodollar curve. Just what signals is the bond market sending to the market, to find out, you'll have to tune in! -- Follow Steve: https://twitter.com/MetreStevenFollow Jeff: https://twitter.com/JeffSnider_AIPFollow Alfonso: https://twitter.com/MacroAlf Follow Blockworks: https://twitter.com/Blockworks_ Subscribe To The Macro Compass: https://themacrocompass.substack.com/ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/-- Timestamps:(00:00) Introduction (00:27) What Is Atlas Financial?(04:18) Is The Labor Market Strong?(09:57) The Eurodollar Curve Inversion(14:16) Bank Lending Is Collapsing(19:46) Signs Of A Collateral Shortage(28:05) Bank Reserves Are NOT Money-- Disclaimer: Nothing discussed on Boiler Room should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

On today's edition of "Boiler Room," Alfonso Peccatiello is joined by Kris Sidial Co-CIO of the Ambrus Group, a volatility arbitrage focused firm founded in 2020. With a significant equity drawdown throughout H1 2022, many investors expected a spike in volatility. However, the VIX remains suppressed at low levels suggesting a lack of fear in markets. Kris joins the show to break down some of the complexities of market volatility and describes why we have not yet seen investors flee for the exit. Could a huge VIX spike be on the horizon? To hear Kris's thoughts, you'll just have to tune in!-- Follow Kris: https://twitter.com/KsidiiiFollow Alfonso: https://twitter.com/MacroAlf Follow Blockworks: https://twitter.com/Blockworks_ Subscribe To The Macro Compass: https://themacrocompass.substack.com/Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/-- Referenced In The Show: How structured products have suppressed equity index volatility: https://twitter.com/Ksidiii/status/1544458838149062658-- Timestamps:(00:00) Introduction (00:38) Running A Volatility Arbitrage Hedge Fund(02:40) Why Is The VIX So Suppressed?(10:19) Commodities Were The Perfect Hedge For 2022 H1, Will they Be For H2?(14:24) The Effect Of Structured Products On Volatility(21:43) How A Market Sell-Off Could Trigger A Huge VIX Spike-- Disclaimer: Nothing discussed on Boiler Room should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

On today's edition of "Boiler Room," Alfonso Peccatiello is joined by Michael Kao, retired hedge fund manager and private investor, for a discussion on the many obstacles facing the Fed.Kao says "the genie is out the bottle" for inflation. As the Fed attempts to engineer a soft landing, will it be able to do so without causing a credit crisis? Historically, the Fed's track record of engineering a soft landing has been "pretty bad,” according to Kao. How will this cocktail of high inflation, recessionary pressures, elevated commodity prices, a strong dollar and increasing credit risk manifest itself? To find out, you'll have to tune in.-- Follow Michael: https://twitter.com/UrbanKaoboyFollow Alfonso: https://twitter.com/MacroAlf Follow Blockworks: https://twitter.com/Blockworks_ Subscribe To The Macro Compass: https://themacrocompass.substack.com/Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/-- Referenced In The Show: Fed Chair Powell Opening Statement to Banking Committee: https://www.c-span.org/video/?c5020856/fed-chair-powell-opening-statement-banking-committee Powell says the Fed is 'not trying to provoke' a recession, but it is 'certainly a possibility.': https://www.nytimes.com/2022/06/22/business/powell-fed-inflation-recession.htmlInflation-"Ride of the Volkyries" Thoughts: https://twitter.com/UrbanKaoboy/status/1528416947007680512 Sohn 2022 | John Collison in conversation with Stanley Druckenmiller: https://www.youtube.com/watch?v=-7sWLIybWnQ&t=2852sInflation Is Popping The Biggest Asset Bubble Of All TIme | Michael Kao: https://open.spotify.com/episode/4a1Bqm4X5MeqXNAiLiirWn?si=27104db4abad40f3 Commodity price inflation butterfly: https://twitter.com/UrbanKaoboy/status/1368978017033195528-- Timestamps:(00:00) Introduction (00:49) "The Genie Is Out The Bottle" For The Fed(05:51) Whats Going On In The Bond Market?(15:44) Turmoil In The Housing Market(28:10) Final Thoughts-- Disclaimer: Nothing discussed on Boiler Room should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

On today's edition of "Boiler Room," Alfonso Peccatiello is joined by Warren Pies, founder of 3Fourteen Research. 2021 and 2022 saw commodity prices soar due to supply constraints — Warren walks through the supply and demand outlook throughout the back half of 2022.As China reopens, conflict in Ukraine continues, and commodity prices remain elevated, will a recession lead to a decline in commodity prices, or is the inflationary impulse and supply mismatch too great to cause demand destruction? To find out, you'll have to tune in!-- Follow : https://twitter.com/WarrenPiesFollow Alfonso: https://twitter.com/MacroAlf Follow Blockworks: https://twitter.com/Blockworks_ Subscribe To The Macro Compass: https://themacrocompass.substack.com/Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/-- Referenced In The Show: Oil slips on China lockdowns, but bullish trends intact: https://www.reuters.com/markets/commodities/oil-hovers-near-13-week-high-robust-us-demand-china-optimism-2022-06-09/?taid=62a1b0ba7385bc0001a57c94-- Timestamps:(00:00) Introduction (00:24) The Commodity Bull Market(03:02) The Oil Market(08:26) Backwardation Of The Oil Curve(11:59) Will Demand Destruction Reduce Oil Prices?(19:27) Supply Constrains In The Oil Market(22:49) Industrial & Agricultural Commodities(25:23) Government Reaction To Rising Energy Prices-- Disclaimer: Nothing discussed on Boiler Room should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

On today's edition of "Boiler Room," Alfonso Peccatiello is joined by Brent Johnson of Santiago Capital for a discussion on the US dollar. Known for his popular dollar milkshake theory, Brent says the U.S dollar wrecking ball is wounding the global economy.Recession looms as markets continue their sell-off, financial conditions tighten, and emerging markets scramble to pay off dollar-denominated debt — capital is just starting to get sucked down the dollar black hole. Just how badly will this end for global balance sheets? You’ll have to tune in to find out.-- Follow : https://twitter.com/SantiagoAuFundFollow Alfonso: https://twitter.com/MacroAlf Follow Blockworks: https://twitter.com/Blockworks_ Subscribe To The Macro Compass: https://themacrocompass.substack.com/ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/--Referenced In The Show:Total credit to non-bank borrowers by currency of denomination: U.S Dollar https://stats.bis.org/statx/srs/table/e2?m=USD&f=pdfECB Is Discussing Crisis Strategy as Well as Pandemic Program Reinvestments: https://www.bloomberg.com/news/articles/2022-06-15/ecb-is-discussing-crisis-strategy-as-well-as-pepp-reinvestments#xj4y7vzkg--Timestamps:(00:00) Introduction(00:41) The Dollar Milkshake(05:57) U.S Dollar Denominated Debt(14:00) Rising Dollar, Gold, Equities & Rates(18:50) The Dollar Black Hole--Disclaimer: Nothing discussed on Boiler Room should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Michael Pettis, finance professor at Peking University’s School of Management, discusses the Chinese growth model and factors that will impact its future. Topics include debt, demographics, deleveraging, and China's strategy for the next decade. Challenges in repairing imbalances and managing economic rebalancing are explored, with predictions of slow growth and stagnation similar to Japan.

On today's edition of "Boiler Room," Alfonso Peccatiello is joined by Travis Kimmel for a wide ranging discussion from geopolitics to supply chains, the housing market and much more. If there is one thing to take away from this conversation, it would be that contrary to popular belief, cash is NOT trash.Travis walks listeners through the upcoming recessionary downturn we should expect to see throughout the end of 2022. Drawing on his experience as an entrepreneur and technologist, he provides an insight to some of the struggles companies may face over the coming months. But to hear that, you'll have to tune in!--Follow Travis: https://twitter.com/coloradotravisFollow Alfonso: https://twitter.com/MacroAlfFollow Blockworks: https://twitter.com/Blockworks_Subscribe To The Macro Compass: https://themacrocompass.substack.com/Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/--Timestamps:(00:00) Introduction(00:36) Geopolitical Situation In Ukraine(03:47) Supply Chain Effects On Inflation(09:47) Increasing Borrowing Costs(14:00) The Housing Market(17:22) Cash Is NOT Trash(28:05) Moving Away From A Credit Based System?--Disclaimer: Nothing discussed on Boiler Room should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.