Recession, Soft Landing or Higher For Longer? | Kevin Flanagan
Author: Alfonso Peccatiello & Brent Donnelly
February 12, 2023
Duration: 57:19
On today's episode of The Macro Trading Floor, Andreas and Alfonso welcome Kevin Flanagan Head of Fixed Income Strategy at WisdomTree for a discussion on everything happening in global bond markets. Since 2022, the consensus has flip flopped from recession, to soft landing as markets have rallied, the labor market has remained strong, credit has been fairly contained and signs of financial stress dwindle. Kevin, Alfonso and Andreas walk through the scenarios in 2023 of recession, soft landing or higher for longer? Finally, Kevin shares his actionable trade idea, but to hear that, you'll have to tune in! -- Follow Kevin: https://twitter.com/KevinFlanaganWT Follow Andreas: https://twitter.com/AndreasSteno Follow Alf: https://twitter.com/MacroAlf Follow Blockworks: https://twitter.com/Blockworks_ Subscribe To The Macro Compass: https://www.themacrocompass.com/ Subscribe To Steno Research: https://stenoresearch.com/ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- This episode is sponsored by Curve. Curve is unlike any other credit card. It gives you the power to connect multiple credit and debit cards into one, convert your cashback into crypto rewards, Go Back in Time ®, create Smart Rules, and more. Apply now through https://link.curve.com/blockworks_mac..., you’ll earn $20 in Curve Cash after your first transaction. So sign up today! Terms and conditions apply. -- WisdomTree is a global ETF and ETP sponsor and asset manager founded in 2006 and with a track record of innovation and creating better ways to invest. Today, we offer a broad range of differentiated ETFs and ETPs across equities, thematics, commodities, fixed income, currencies, short and leveraged, and cryptocurrencies with over $80 billion in assets under management. For more information, please visit https://bit.ly/3VXYPkx -- Referenced In The Show: Fed official says he looks at the price of Stouffer's frozen lasagna to gauge inflation: https://markets.businessinsider.com/news/stocks/fed-official-price-of-stouffers-frozen-lasagna-to-gauge-inflaiton-2023-2?op=1 Big flows going on in options: https://twitter.com/MacroAlf/status/1623736233477144577 German GDP: https://www.destatis.de/EN/Press/2023/01/PE23_037_811.html -- Timestamps: (00:00) Introduction (00:41) A New Governor For The BoJ? (03:02) Recession, Soft Landing or Higher For Longer? (12:40) Feature Interview With Kevin Flanagan (14:23) Will The Fed Get Their Soft Landing? (17:11) What Is The Yield Curve Signalling? (23:25) Curve Ad (24:35) The Path Ahead For Inflation In 2023 (27:37) The Yield Curve Is Signalling Recession... But When? (34:07) Wisdom Tree Ad (34:40) Kevin's Actionable Trade Idea (38:51) The U.S Debt Ceiling (43:05) Post Interview: Final Thoughts (47:39) Retail Is Back Partying Like It's 2021 (48:56) Actionable Trade Ideas -- Disclaimer: Nothing discussed on The Macro Trading Floor should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
