This is Macro Voices with hedge fund manager Eric Townsend, the free weekly financial

podcast targeting professional finance, high net worth individuals, family offices, and

other sophisticated investors. Macro Voices is all about the brightest minds in the world

of finance and macroeconomics telling it like it is. Bullish your bearish, no holds

barred. Now here are your hosts, Eric Townsend and Patrick Sarasna.

Macro Voices Episode 208 was recorded on February 27, 2020. I'm Eric Townsend. This episode

of Macro Voices is brought to you by top traders on plug.com, a podcast dedicated to

quant and rules-based investing, helping investors overcome behavioral biases.

Fasanara Capital Founder Francesco Filia is back as this week's feature interview guest.

As per normal, Francesco supplied us with another terrific slide deck. We'll be looking at

the reasons why Francesco thinks markets are particularly susceptible to a sudden shock,

flash crash type of event. And for the record folks, this interview was taped before the

market tanked on coronavirus-related news. We've had terrific feedback on last week's

post-game segment when Patrick explained how to put on some basic long-vall trades. So

this week, Patrick will take it to the next level, with a focus on tail hitches and how

to put them on using options. And I'm Patrick Sarasna. No, before we even get to equities

here, let's start with a quick update on the COVID-19 coronavirus story. But listeners,

we already did a full 90-minute podcast on the COVID-19 situation on Monday this week.

So you can find that link on the homepage of Macro Voices. But Eric, you promised last

week that if we did a separate podcast on this virus update, that you'll keep your comments

in this week's market wrap to less than 15 minutes. So I'm starting my stopwatch right

now. Oh boy, the pressure is on. Lots happened since Monday, dude. Actually, I'm exaggerating.

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