1175: A Day in the Life: What's It Really Like to Be a Commodity and Equity Trader?
Discover Your Talent–Do What You Love
Don Hutcheson
5.0 • 619 Ratings
🗓️ 1 March 2025
⏱️ 32 minutes
🧾️ Download transcript
Summary
Tony Greer founded T.G. Macro in 2016, an independent market analysis company, where he could combine 25 years in trading and 15 years of writing a daily newsletter into one analytical platform. He provides fundamental, technical, and behavioral analysis of global markets to nearly 1,000 individuals in his institutional client and personal subscriber base.
After graduating from Cornell University in 1990, Tony traded currencies and precious metals in the Treasury Departments of Sumitomo Bank and the Union Bank of Switzerland, followed by six years at Goldman Sachs running the Goldman Sachs Commodities Index and spot gold trading. Tony then began a career as an equity sales trader, educating his clients in the natural resources space, until he started T.G. Macro and introduced the Morning Navigator newsletter.
"Goldman Sachs was one of my big clients and I always tried to give them the most competitive price that I could in the FX markets. Through the broker market, I wound up meeting at a dinner the trader who was on the other end of the phone at Goldman Sachs. He was grateful that I quoted him such competitive prices and wanted to say thanks. He asked if I was interested in speaking to some people on their desk. It was the kind of thing that can happen in a career where you get to know the people that work at a competitor and wind up getting a job offer from them because they liked your style and thought that you could help their operation."
Transcript
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| 0:00.0 | Hello, world. Welcome to discover your talent, do what you love. I'm your host, Don Hutchison. |
| 0:16.7 | Every Tuesday, I interview someone from around the world who's discovered their talents to do work they love to create a life of success, satisfaction, and freedom. |
| 0:26.9 | On Fridays, I interview an individual with many years of experience from one of the most popular or interesting occupations or professions who shares an insider's look at what it's really like to do what they do. |
| 0:39.3 | I'm delighted to bring you our featured guest, Tony Greer, and our topic, A Day in the Life, |
| 0:44.8 | what's it really like to be a macro trader and consultant? Welcome, Tony. Are you today, Don? |
| 0:50.8 | I am doing well. Tony, are you using your talents doing worth your love? |
| 0:58.9 | Oh, you better believe it, man. Better believe it. Well, we're going to dive into that whole story. A few words about Tony. After graduating from Cornell University in 1990, Tony began his |
| 1:06.0 | trading career in the foreign exchange market for Sumitomo Bank and UBS. |
| 1:17.5 | He joined the J. Aaron Division of Goldman Sachs in 1994, where he learned the rigor of trading large commodity books. |
| 1:19.3 | Tony left the commodity desk at Goldman Sachs to launch his own equity trading operation in 2000, |
| 1:25.1 | which served the dot-com crash for two years. |
| 1:27.3 | He then began a career as an |
| 1:29.7 | equity sales trader educating his clients in the natural resources space. He started his own |
| 1:36.1 | independent market analysis company, TG Macro, and then launched the Morning Navigator |
| 1:41.7 | newsletter on Election Day 2016 with the view that the world |
| 1:45.9 | was about to change dramatically. |
| 1:48.0 | The Morning Navigator is now distributed to over 800 professionals worldwide. |
| 1:53.4 | Well, an amazing, like journey, Tony. |
| 1:54.8 | We look forward to digging into the whole story. |
| 1:56.5 | Take just a minute or two before we get started to tell our listeners around the world |
| 2:00.2 | what you're |
| 2:01.0 | engaged in right now that has you excited and motivated just a pithy overview yeah yeah well i'm working on at |
... |
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