エピソード

  • The Rebasement Trade

    The Rebasement Trade
    2026/06/26
    Alf and Brent discuss the major market shifts since the Warsh press conference. Is this a big macro shift or just a mini-trend that will ultimately slow down or even reverse?
    続きを読む 一部表示
    31 分
  • The Inflation Ghost, Gold and Options

    The Inflation Ghost, Gold and Options
    2026/05/22
    To reach out to Alf: alf@palinurocapital.com (or Alfonso Peccatiello on BBG) To reach out to Brent: bdonnelly@spectramarkets.com (or Brent Donnelly on BBG) In this episode, Alf and Brent discuss the best risk/reward ways to position for the macro environment ahead of us. They then deep dive into option structures around gold, and the question of increasing sample size of trades to reduce PnL variance against the risk of downgrading your edge and expected value per trade when the sample size increases.
    続きを読む 一部表示
    37 分
  • Process, Process, Process

    Process, Process, Process
    2026/05/15
    To reach out to Alf: alf@palinurocapital.com (or Alfonso Peccatiello on BBG) To reach out to Brent: bdonnelly@spectramarkets.com (or Brent Donnelly on BBG) In this episode, Alf and Brent focus on various aspects of their investment/risk management process. They discuss several ideas and how to implement them according to their framework: when to use options? How to think about convexity?
    続きを読む 一部表示
    33 分
  • Macro Investing In A Post-Hormuz World

    Macro Investing In A Post-Hormuz World
    2026/05/08
    To reach out to Alf: alf@palinurocapital.com To reach out to Brent: bdonnelly@spectramarkets.com Alf and Brent refresh their macro and trading frameworks on the basis of new info: the Iran/US MoU in negotiation phase, how the world might look like when Hormuz reopens, the Japanese FX intervention and more.
    続きを読む 一部表示
    34 分
  • New All-Time Highs Are Here: Now What?

    New All-Time Highs Are Here: Now What?
    2026/04/17
    To reach out to Alf: alf@palinurocapital.com To reach out to Brent: bdonnelly@spectramarkets.com Alf and Brent discuss the framework for an Iran-US deal, and how to approach rates, currencies and equity markets for the foreseeable future.
    続きを読む 一部表示
    37 分
  • Frameworks To Trade The Hormuz Crisis

    Frameworks To Trade The Hormuz Crisis
    2026/04/10
    To reach out to Alf: alf@palinurocapital.com To reach out to Brent: bdonnelly@spectramarkets.com Alf and Brent are back discussing frameworks to approach this market as a short-term oriented trader or as a long-term focused macro investor.
    続きを読む 一部表示
    33 分
  • How To Trade Macro In A War

    How To Trade Macro In A War
    2026/03/20
    Alf and Brent reflect on correlations converging to 1 across asset classes, risk management practices in macro deleveraging events, and a game theory approach to how the war could unfold from here.
    続きを読む 一部表示
    33 分
  • Hormuz & The Terms of Trade Shock

    Hormuz & The Terms of Trade Shock
    2026/03/06
    Alf and Brent discuss the terms of trade shock that the de-facto closure of the Strait of Hormuz is causing. The duo walk through scenarios and probabilities and what framework can be used to trade such a market environment,
    続きを読む 一部表示
    37 分