In his 29 years of investing, former Tudor Investment Corp. manager Brett Gillespie says he “can’t recall a more exciting outlook for macro investing,” according to a recent letter to investors. With the US Federal Reserve withdrawing interest rate accommodation at a time when a robust fiscal stimulus is on the table, it helps to understand the economic situation by recognizing that surprise is a component of the Trump administration’s playbook. And shock can be a challenge to model. Under “normalized” circumstances, an economic recovery from a balance sheet recession might be expected to take seven years. Market cycles have…
As Trump Administration Revs Up Fiscal Stimulus, Short Bonds Are The Place To Be: Tudor Cub
Mark Melin
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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.