On today’s episode, we discuss the clear link between stock market prices & the Federal Reserve balance sheet, the widening gap between the best & worst CTA performances, the influx of retail money into the stock market, how RobinHood makes its profits despite offering free trading, bond prices and what they may be telling us about the future, how CTAs might now be swinging back to the long side, and how lofty expectations are driving many stock prices unexpectedly higher.
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0:00 – Intro
1:21 – Global macro review
2:42 – Weekly review of returns
5:15 – How lofty expectations are driving stock market prices
8:25 – What bond markets are telling us about the long prospects for equities
13:13 – Why we may be heading for an inflationary environment
19:05 – How CTA positioning is beginning to swing to the long side of equities
21:20 – Article on downside protection by Mark Zepczynski
28:29 – Article on high CTA returns dispersion by Mark Zepczynski
30:23 – Unveiling of guests, & more info, about our upcoming mini-series
44:47 – Performance recap