Podcast
The Macro Trading Floor
Hosted by Alfonso Peccatiello & Brent Donnelly · EN
The Macro Trading Floor is a fun and actionable macro and markets podcast hosted by Alfonso Peccatiello and Brent Donnelly. If you are looking for banter, financial education, and actionable trade ideas this is the podcast for you!
28episodes
Episodes
Newest firstAll episodes
The Inflation Ghost, Gold and Options
2w ago00:37:25Tap to summarizeTo 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.
Transcribe →Process, Process, Process
3w ago00:33:07Tap to summarizeTo 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?
Transcribe →Macro Investing In A Post-Hormuz World
4w ago00:33:31Tap to summarizeTo 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.
Transcribe →New All-Time Highs Are Here: Now What?
Apr 1700:37:12Tap to summarizeTo 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.
Transcribe →Frameworks To Trade The Hormuz Crisis
Apr 1000:33:20Tap to summarizeTo 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.
Transcribe →How To Trade Macro In A War
Mar 2000:33:07Tap to summarizeAlf 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.
Transcribe →Hormuz & The Terms of Trade Shock
Mar 600:37:02Tap to summarizeAlf 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,
Transcribe →The New Fed vs The Good Old Bond Market
Jan 3000:37:14Tap to summarizeTo reach out to Alf and Brent, ping them on BBG (Alfonso Peccatiello and Brent Donnelly). In this episode, Alf and Brent discuss how the appointment of the new Fed Chair could shape the US policy making objective in the bond market. The repercussions on the USD and on the incentive schemes for other large bond market players (e.g. Japanese investors) are not to be underestimated.
Transcribe →US Dollar Hedging: A Real Risk or Just a Narrative?
Jan 2300:37:12Tap to summarizeTo reach out to Alf and Brent, ping them on BBG (Alfonso Peccatiello and Brent Donnelly). In this episode, Alf and Brent reflect on the April-2025-like price action which coincided with the tariff threats. Now that the TACO is here, the real question is: will this episode encourage global pension funds to hedge their gigantic USD exposure?
Transcribe →Japanese Macro Tails
Jan 1600:36:34Tap to summarizeTo reach out to Alf and Brent, ping them on BBG (Alfonso Peccatiello and Brent Donnelly). In this episode, Alf and Brent focus the discussion on Japanese short-term and long-term macro: is the MoF ready to intervene? How do you trade these policymaker-induced setups? And in the long-run, will the market keep punishing the JPY and long-end bonds or will the Bank of Japan turn hawkish and surprise the market?
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