57 min

Frances Donald: The Yield Curve Signals A Huge Warning The Macro Trading Floor

    • Investing

On today’s episode of “The Macro Trading Floor,” Andreas and Alfonso welcome Frances Donald Global Chief Economist & Strategist at Manulife Investment Management. Walking through the most important macro factor right now, inflation, Frances shares how every central bankers worst nightmare is manifesting itself in markets.

Sharing her outlook on inflation and the bond market, Frances sees a scenario where the flattening yield curve will lead to another inversion across 2's 10's & 5's 30's. Could a new regime of secular stagflation be upon us? Frances then shares her actionable trade idea, but to hear that, you'll have to tune in!
-- 
Follow Frances: https://twitter.com/francesdonald
Follow Andreas: https://twitter.com/AndreasSteno 
Follow Alfonso: https://twitter.com/MacroAlf 
Follow Blockworks: https://twitter.com/Blockworks_ 

Subscribe To The Macro Compass: https://themacrocompass.substack.com/ 
Subscribe To Stenos Signals: https://andreassteno.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 Likely to Consider 0.75-Percentage-Point Rate Rise This Week: https://www.wsj.com/articles/bad-inflation-reports-raise-odds-of-surprise-0-75-percentage-point-rate-rise-this-week-11655147927

ECB to design new bond-buying plan to tackle market turmoil: https://www.ft.com/content/c519e5d5-f4c3-4554-9484-ddca75cf9bf3?sharetype=gift

Stop Fooling Around, J-Pow: https://themacrocompass.substack.com/p/bad-cop-good-cop#details
--
Timestamps: 

(00:00) Introduction 
(00:59) Top Stories Of The Week
(07:41) Take Of The Week
(14:33) Feature Interview With Frances Donald
(16:03) FOMC Meeting
(22:38) Inflation
(27:21) The Neutral Rate
(30:55) The Yield Curve
(35:59) Frances' Actionable Trade Idea
(39:27) Quantitative Tightening
(42:42) Post Interview: Final Thoughts
--
Disclaimer: Nothing discussed on The Macro Trading Floor 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 episode of “The Macro Trading Floor,” Andreas and Alfonso welcome Frances Donald Global Chief Economist & Strategist at Manulife Investment Management. Walking through the most important macro factor right now, inflation, Frances shares how every central bankers worst nightmare is manifesting itself in markets.

Sharing her outlook on inflation and the bond market, Frances sees a scenario where the flattening yield curve will lead to another inversion across 2's 10's & 5's 30's. Could a new regime of secular stagflation be upon us? Frances then shares her actionable trade idea, but to hear that, you'll have to tune in!
-- 
Follow Frances: https://twitter.com/francesdonald
Follow Andreas: https://twitter.com/AndreasSteno 
Follow Alfonso: https://twitter.com/MacroAlf 
Follow Blockworks: https://twitter.com/Blockworks_ 

Subscribe To The Macro Compass: https://themacrocompass.substack.com/ 
Subscribe To Stenos Signals: https://andreassteno.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 Likely to Consider 0.75-Percentage-Point Rate Rise This Week: https://www.wsj.com/articles/bad-inflation-reports-raise-odds-of-surprise-0-75-percentage-point-rate-rise-this-week-11655147927

ECB to design new bond-buying plan to tackle market turmoil: https://www.ft.com/content/c519e5d5-f4c3-4554-9484-ddca75cf9bf3?sharetype=gift

Stop Fooling Around, J-Pow: https://themacrocompass.substack.com/p/bad-cop-good-cop#details
--
Timestamps: 

(00:00) Introduction 
(00:59) Top Stories Of The Week
(07:41) Take Of The Week
(14:33) Feature Interview With Frances Donald
(16:03) FOMC Meeting
(22:38) Inflation
(27:21) The Neutral Rate
(30:55) The Yield Curve
(35:59) Frances' Actionable Trade Idea
(39:27) Quantitative Tightening
(42:42) Post Interview: Final Thoughts
--
Disclaimer: Nothing discussed on The Macro Trading Floor 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.

57 min