* With KOSPI and Korean memory ripping above 6000, I was thinking of a tail risk trade around KOSPI <= 5000 and XAU >= 8000 * Strait of Hormuz potential closure - 20% of global oil supply at risk * Lira depreciation: huge trade deficit/current account deficit (which has been responsible for
I'm not sure if this should come under the label of "macro notes" given the nature of this, but whatever. I want to include the Fed cut, but I just wanted to put this one out there. I'll probably keep editing this in the
Regular context: I'm going to try doing these macro news "posts" on a weekly basis. Wouldn't like to call them posts as they're just short notes on my limited knowledge and brief listens to some podcasts. For myself, really. EDIT: China chose
Note: Unfortunately, I've not done a great job with writing this in the past week, with Diwali and a lot of work. I've included an "incomplete" section on Howard Marks' comments on the S&P being expensive. I'll endeavour to
A small introductory context: I'm going to try doing these macro news "posts" on a weekly basis. Wouldn't like to call them posts as they're just short notes on my limited knowledge and brief listens to some podcasts. For myself, really. Gollum&
I had a conversation with a brilliant xVA desk guy this week. Never realised how interesting hedging is from the perspective of a financial institution. A lot of that was common xVA knowledge, but what really got me was the real-world obstacles involved in reducing risky exposures. Namely, liquidity. Not