All-Stars #97 Jeff Snider: The QE Market Meltdown - Currency Inelasticity

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.8 • 3.4K Ratings

🗓️ 16 March 2020

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

All-Star Jeff Snider says the Fed keeps using a bigger bazooka but no one seems to care and the global dollar shortage takes on 2008 proportions. Link: http://bit.ly/3b3PBfN

Transcript

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0:00.0	This is a special edition of Macrovoises with hedge fund manager Eric Townsend.
0:14.2	The premier financial podcast targeting professional finance, high net worth individuals, family
0:19.8	offices, and other sophisticated investors.
0:23.0	Now for this special edition of Macrovoises, here's hedge fund manager Eric Townsend.
0:30.2	Macrovoises All Stars Episode 97 was recorded on March 16, 2020.
0:36.4	I'm Eric Townsend.
0:38.1	This episode of Macrovoises All Stars is brought to you by top traders on plug.com,
0:43.6	the leading podcast when it comes to quant and rules based investing.
0:48.0	I'll tell you how to claim a free copy of their new guide to the best investing books
0:53.1	ever written at the end of this episode.
0:56.2	Joining us now is the one and only Jeff Snyder, CIO at Alhambra Partners.
1:02.4	Jeff needless to say we are speaking, recording this just after the open on Monday morning
1:10.2	and things are breaking down.
1:12.9	We've got at one point S&P futures on the June contract traded as low as 20, 3, 49.
1:21.7	So needless to say things are falling apart when we last spoke at the end of February,
1:27.2	you said the economy and financial system were already in a fragile state.
1:31.9	Well I guess that proved pressure, didn't it?
1:34.4	I've been saying since before that, going back six weeks now, that the COVID-19 coronavirus
1:40.3	outbreak was the biggest mispricing of risk in the history of financial markets.
1:47.1	So together we agreed that if these things came together, you better watch out.
1:51.8	Well needless to say, you better watch out.
1:54.2	These things are self reinforcing and I think there's an oversized potential for a downward
	...

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