New All-Time Highs Are Here: Now What?

New All-Time Highs Are Here: Now What?

Author: Alfonso Peccatiello & Brent Donnelly April 17, 2026 Duration: 37:12
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.

Alfonso Peccatiello and Brent Donnelly bring the high-stakes energy of a dealing room straight to your headphones with The Macro Trading Floor. This isn't a dry lecture on economic theory; it's a dynamic conversation where complex global themes-from central bank decisions and inflation trends to geopolitical shifts and technological disruptions-are translated into clear market language. You'll hear their unfiltered analysis and genuine back-and-forth, which often leads to specific, actionable ideas for navigating currencies, bonds, and equities. The discussion naturally spans business, investing, and news, reflecting the hosts' own trading-floor mentality where all information is connected. Tune in for a blend of seasoned perspective and lively debate that makes understanding the forces moving your money both engaging and practical. Each episode of this podcast feels like getting a direct feed from two experts who are as focused on the "why" behind market moves as they are on the potential opportunities those moves create.
Author: Language: English Episodes: 50

The Macro Trading Floor
Podcast Episodes
On Bessent, Gold & Idiosyncratic Trades [not-audio_url] [/not-audio_url]

Duration: 35:58
Alf and Brent are back to discuss the Bessent buyback plan and its impact on markets. The duo focuses on gold, the long-end and the USD as potential release valves. The discussion then moves to two macro idiosyncratic id…
On Sizing Options, The Fed and The JPY [not-audio_url] [/not-audio_url]

Duration: 37:18
In this episode, Alf and Brent talk about the Fed's likely reaction function to incoming data and the Bessent/Japan accord on the JPY. The duo then discusses one of the trickiest questions for macro PMs: when to use opti…
Warsh Woke Up The Bond Vigilantes [not-audio_url] [/not-audio_url]

Duration: 38:21
Alf and Brent discuss the significant market reaction to Warsh's press conference: the Fed handed over the keys to the bond market, and now Bond Vigilantes are in charge until data comes in to set the direction straight…
The Orange Variable [not-audio_url] [/not-audio_url]

Duration: 35:15
Brent and Alf discuss the n-th injection of the Orange Variable in markets: Trump decided to escalate again with Iran, and even suggested the ceasefire might be over altogether. The duo discusses how to approach these in…
The Rebasement Trade [not-audio_url] [/not-audio_url]

Duration: 30:57
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?
The Inflation Ghost, Gold and Options [not-audio_url] [/not-audio_url]

Duration: 37:25
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…
Process, Process, Process [not-audio_url] [/not-audio_url]

Duration: 33:07
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…
Macro Investing In A Post-Hormuz World [not-audio_url] [/not-audio_url]

Duration: 33:31
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, ho…
Frameworks To Trade The Hormuz Crisis [not-audio_url] [/not-audio_url]

Duration: 33:20
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 focu…
How To Trade Macro In A War [not-audio_url] [/not-audio_url]

Duration: 33:07
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.