163 Comments
Jul 7, 2022Liked by Alfonso Peccatiello (Alf)

Hey Alf, you mention bond flatteners a lot. Could you write a piece describing what they are and how they are calculated for those of us unfamiliar with the concept. Or perhaps could you provide a link to a good description? Thanks for your articles. I learn from them a lot.

Expand full comment
Jul 7, 2022Liked by Alfonso Peccatiello (Alf)

Thanks for keeping us up to date, Alf! In the next episode, I would really love to hear about the best possible financial instruments that will shelter someone from a recesion: bonds, precious metals etc. Also, what do you think about dividend stocks during a recesion? Cheers! Looking forward to the next podcast.

Expand full comment
Jul 8, 2022Liked by Alfonso Peccatiello (Alf)

Awesome article and listen. I am craving a discussion on construction or weightings on tactical vs. long-term portfolios (i.e. the percent to each). Also, the other interest is construction of a portfolio with consideration of risk. Specifically, you have talk to managing your risk allocation. How might an investor comfortable thinking about expected volatilities of different asset classes go about manage their desired risk allocation (e.g. sizing trades).

Expand full comment
Jul 7, 2022Liked by Alfonso Peccatiello (Alf)

Impressive work Alf, YTD P&L: +21%; maximum drawdown: -7%. Perhaps, if you want, you could share a bit on the YTD P&L. Biggest contribution and the opposite?

thanks again

Expand full comment
Jul 7, 2022Liked by Alfonso Peccatiello (Alf)

QQQ why???

Expand full comment
Jul 7, 2022Liked by Alfonso Peccatiello (Alf)

I think the key part missing is how US can export inflation with the supply chain broken/deglobalization. Fed can destruct demand to bring down inflation but it's only a temporary solution. Until US finds a new way to export inflation, the Fed's hands are tied in terms of easing when recession comes.

Expand full comment
Jul 7, 2022Liked by Alfonso Peccatiello (Alf)

You said “adding long JPY/AUD”. You mean JPY will reevaluate against dollar and so AUD. Or are you betting JPY against AUD?

Expand full comment
Jul 7, 2022Liked by Alfonso Peccatiello (Alf)

Alf, you are a breath of fresh, sensible air on the investing scene. I follow a number of talking heads and you are the best. Would it possible to publish your tactical and long term portfolios in a way that we could mimic/them? I'd be willing to pay $50/mo for access to your portfolios with updates when you trade.

Expand full comment
Jul 7, 2022Liked by Alfonso Peccatiello (Alf)

Great info. Thanks.

Expand full comment
Jul 8, 2022Liked by Alfonso Peccatiello (Alf)

Well done Alf. Very well done.

Expand full comment
Jul 7, 2022Liked by Alfonso Peccatiello (Alf)

Yeah wondering what a bond flattener is.

Expand full comment
Jul 7, 2022Liked by Alfonso Peccatiello (Alf)

Thanks for what you do for free. I find it a great breakdown of macro moves and very helpful in guiding my portfolio management

Expand full comment
Jul 7, 2022Liked by Alfonso Peccatiello (Alf)

So glad to have found your voice and work, Alf. Thanks for all you do!

In particular wanted to appreciate the way that you link to other free and impactful resources in your posts. I've found a lot of gold here too.

🙏

Expand full comment
Jul 7, 2022Liked by Alfonso Peccatiello (Alf)

Hi Alf - love this view. Can you talk about the flattener trade more and the components. Also, what is your target for LQDH? Thanks

Expand full comment
Jul 7, 2022Liked by Alfonso Peccatiello (Alf)

Welcome back Alf. I trust you smashed the sun tan on your holiday!

Excellent and very informative per the norm. Thank you.

Expand full comment
Jul 7, 2022Liked by Alfonso Peccatiello (Alf)

Thanks, Alf!

Expand full comment