Sitemap - 2023 - Fidenza Macro

The Fed out-doved the market - don't fight the Fed

Pre-FOMC thoughts, precious metals, and BTC

Real Vision Interview - BTC, gold, China equities, KRE, German Bunds

Asymmetric 10x trades for a disinflationary 2024

A primer on gold, part 3 - gold vs bitcoin

Cyber Monday flash sale - 20% off annual plan

A primer on gold, part 2 - What drives the price?

An inflection point for the US economy and the Fed

A primer on trading gold, part 1 - fundamental facts and modern history

Gold regime change, BTC pullback, and weak Treasury auction

Is the bond market rout over? Trading this week's events

Big chart levels getting tested or broken

How high can yields go? A thought experiment

Thoughts on the conflict in Israel and Gaza

Is the Fed pivoting? What this means for long end yields

Market implications of the war between Israel and Hamas

What will happen when the Reverse Repo Facility gets depleted?

Exiting gold and going full stagflation mode

Postmortem on long equity positions, and why I'm now bearish everything

Uncomfortable parallels to Dec 2018

Update on 2 yr Treasury trade

Short end US rates look mispriced going into FOMC

What soaring oil and gasoline prices mean for the markets

Should you quit your job to become an independent trader?

The Fidenza Macro digest, Sept 11 2023

Update on positions

The best days are behind for the US consumer

Interview with Real Vision Daily Briefing

The Fidenza Macro digest, Aug 21

3 reasons Treasuries might be in for a relief rally

5 things that will help your trading (that have nothing to do with trading)

Long end Treasuries are what keep me up at night

Commodities are coming back

The bull market has a long runway

Reflationary regime is dominating

Mid-year views on the markets

Interview with Sankalp Shangari at Rising Capital

Fidenza Macro digest, Jun 18

Thoughts on the USD liquidity picture and the FOMC

Playing devil's advocate - how S&P 500 could stay buoyant

Feature on the Graduate Finance Careers Substack

Liquidity drain starts today - what will the market impact be?

Fidenza Macro Digest, June 4

My interview on Real Vision Daily Briefing

Telegram channel to discuss live trades

The US government is a forced seller of T-bills and Treasuries - move and get out of the way

AMA recording available

How do you answer when someone asks you "What is your edge"? - Part 2

Thoughts on recent moves in equities, rates, and USD

Is it time to party like it's 2019?

The Fidenza Macro Digest, May 15

Update on portfolio

Policy solutions to the banking crisis - a breakdown

The Fidenza Macro digest, May 8

Fed pauses - now what?

Trade alert - long gold as a tactical trade

Metastasizing of the banking crisis - stopping out of eur/usd and Euribor shorts

Trade alert - short EUR/USD at 1.0955

How do you answer when someone asks you "What is your edge"?

Trade alert - long USDCNH

The Fidenza Macro Digest, April 24

Global macro roadmaps look bearish

Trader Education Section

The Fidenza Macro Digest, April 17

Trade alert - entering tactical portfolio hedges

Why do equities keep going up?

Seven thoughts going into today's US CPI

The Fidenza Macro digest, Monday April 10

Position sizing 101

Trade alert - taking profit on tactical gold position, exiting Jun SOFR futures

Staying centered in your trading

Link to AMA recording

Update on current positions

What the post-SVB world looks like, in charts

How a regional US bank run turns into a European government debt crisis

Trade alert - positioning for a recessionary regime and a European debt crisis

Reentering June SOFRs and Gold

The significance of banking contagion spreading to Credit Suisse

Taking profit on long Jun SOFR, gold, EUR/USD

Buying gold calls and SOFR Jun 23 calls

Goldman calling for a pause in hikes

Don't rule out a Fed pause or rate cut

Positioning for a return to disinflation

The return of the bank run

Closing out long-term short usd/jpy position

Trade alert - going short gbp/usd

Disinflation vs stagflation, global liquidity, and the best stagflation trade out there

Signs that strong Jan data was an anomaly - return to Goldilocks?

How to manage trades when they get close to your target

The trade is in the liftoff, not the landing

Soft vs hard landing, disinflation vs sticky inflation debates

Trade alert - going long WTI crude oil

The road to recession passes through Goldilocks

Trade alert - taking profit on gold

Adding long ETH/USD to the portfolio

BoJ stayed on hold - what next?

Game plan for trading usd/jpy this week

Pre-CPI note and some interesting charts

Tactical pullback in the short USD trend