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Bloomberg in-car apps are sponsored by interactive brokers. Hello and welcome to another episode of the Odd Lots podcast I'm Joe Wisenthall

Tracy Alleway is out this week unfortunately but with me in the studio here for today's episode I have

Bloomberg macro strategist Cameron Christ and Bloomberg Cross Asset

reporter Luke Kawa and I'm very excited to talk to both of them because we are going to do our year in review of markets or basically just talk about what the heck happened in markets this year because I think it was one of the most interesting times

for markets across many asset classes that we've had in several years maybe

most interesting since 2011 or or the financial crisis, or maybe at least 2015, 2016.

And I think a lot of people have questions about what's going on, so hopefully we will try to answer them so

Cameron and Luke thank you very much for joining us always a pleasure here so it's

always tough to disentangle reasons for market moves.

And Cameron, I think you're one of the most strident

in sort of pushing back against any attempt

to do that at all.

Nonetheless, this year was characterized by a very sharp turn starting

in early October, where we saw some major winners just

started getting relatively up until then just started getting relentlessly destroyed.

What happened?

Well, I think you need to look actually back to February because we had a very similar phenomenon in February and the the Genesis was broadly similar I think in both instances where you had a performance of very good

...