''Run It Hot'': The Comeback?

''Run It Hot'': The Comeback?

Author: Alfonso Peccatiello & Brent Donnelly November 14, 2025 Duration: 28:29
Alf and Brent discuss the resurgence of the ''run it hot'' trade: Trump floating around new fiscal stimulus and government reopening odds seem to have revived the trade. How to best approach markets going forward? Want to reach out to Alf or Brent? Alfonso Peccatiello on Bloomberg chat, or alf@themacrocompass.com Brent Donnelly on Bloomberg chat, or bdonnelly@spectramarkets.com

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: 100

The Macro Trading Floor
Podcast Episodes
A Contrarian Macro Thesis [not-audio_url] [/not-audio_url]

Duration: 37:59
US Q1 Real GDP printed below expectations but still at a respectable 1.6%, and core inflation was hotter than analysts forecast: more fuel on the fire of the reflation theme? Alf and Brent present a contrarian macro thes…
What if Hikes are Stimulative?! [not-audio_url] [/not-audio_url]

Duration: 36:36
The Fed is all of a sudden opening up to the possibility of hikes: what now? But most importantly: have you ever thought about the possibility of Fed hikes being stimulative? And finally: do you have any idea why every C…
Yes, But What Will Break Markets? [not-audio_url] [/not-audio_url]

Duration: 37:47
This week Alf and Brent discuss how markets seem to be on the lookout for a release valve for the combination of a Fed talking about cuts while nominal growth doesn't call for them: commodiites, bond markets, and the US…
The Next Big Trade? [not-audio_url] [/not-audio_url]

Duration: 36:00
Markets are in reflation mode with commodities getting bid all over the place: not only gold and crude oil, but also silver, copper, zinc, you name it. Also, the US Dollar is showing signs of topping and it all starts to…
Macro Traders Reflections [not-audio_url] [/not-audio_url]

Duration: 36:59
Alf welcomes back Brent to the show, and the co-host duo discusses macro data, Fed's Waller speech, Japan and China. But most importantly they share thoughts and observations about the current low volatility market regim…
Dario Perkins: These Central Banks Better Pivot Fast [not-audio_url] [/not-audio_url]

Duration: 36:46
This week Alf welcomes Dario Perkins to the show. Dario discusses how we got here with much more benign inflationary dynamics without a big damage to labor markets - hint: Central Bankers were lucky more than skilled. Da…
Volatility is Coming [not-audio_url] [/not-audio_url]

Duration: 35:38
The bond market is waking up to the idea that inflation might be a bit stickier and the Fed's hands are tied. Alf and Brent discuss what this implies for global macro asset classes, and highlight a few trade ideas. Sign…
Animal Spirits Running Loose [not-audio_url] [/not-audio_url]

Duration: 39:02
Alf and Brent discuss how animal spirits seem to be running loose in several asset classes. Signs are evident not only in stocks but also in gold, Bitcoin and option markets. They also focus on Japan and the potential te…
Macro Opportunities Around The World [not-audio_url] [/not-audio_url]

Duration: 36:31
Alf and Brent discuss the outlook for the US economy, and how bond markets have adjusted their pricing to reflect the odds of a soft landing. Is there a trade maybe? They then move their focus to Canada, Europe, New Zeal…
It's Back! [not-audio_url] [/not-audio_url]

Duration: 0:58
The Macro Trading Floor is back! And there are quite some surprises...