The Market Huddle

In this episode, Patrick Ceresna and Kevin Muir welcome Dario Perkins from TS Lombard. They have a great discussion about the macro environment and find out why Dario is not the ECB’s favourite guy.

This week, Patrick is free-loading in Europe somewhere so Kevin holds down the fort alone but with great guests! First, we get an update from Lyn Alden and what she feels is the biggest thing in macro right now. Then Brent Kochuba from SpotGamma joins the show where we learn what’s happening in the option market and why the apes don’t want to be his friend. And finally, fan favourite and rock-star hedge fund manager Kuppy finishes it off with this month’s installment of Kuppy’s corner. Download Lyn’s Charts: https://bit.ly/3hnw9A6 Download Brent’s Charts: https://bit.ly/3tuReNQ

This is the final of our interview-only summer specials, and we saved the most fun for last. You might know him as HorseLover Fat, you might simply know him as Horse, or you could be like Kevin and mistakenly call him HorseFat Lover, either way, one of the funniest, most entertaining and refreshingly great trading accounts on twitter joins us. We don’t ever learn who this mystery man is, but we do get a good insight into his trading techniques, and definitely a few laughs along the way.

Continuing with interview-only specials, Patrick & Kevin take a break and allow previous Market Huddle guest (and outstanding economic thinker), David Bezic to grab the controls. David does not disappoint with an absolute terrific interview of the father-of-MMT and hedge fund legend, Warren Mosler.

Continuing with interview-only summer specials, Patrick Ceresna and Kevin Muir welcome fan-favourite Morris Sachs to the show. Morris turns the tables on Kevin, and takes the interviewer chair. Morris digs into all of Kevin’s early childhood traumas and finds out why Kevin loves trying to solve the greatest game ever – this huge puzzle we call the markets.

In this second installment of interview-only special, Patrick Ceresna and Kevin Muir welcome David Keller to the show for a deep dive on technical analysis. They discuss breadth, sector rotation, seasonality and end with a great discussion on security selection.

In this first installment of interview-only summer specials, Patrick Ceresna and Kevin Muir welcome to the show Marko Papic, partner & chief strategist at Clock Tower Group and the author of “Geopolitical Alpha.” Marko shares his framework for combining geopolitics and the markets, and even goes on to answer that age old question “how much does moving from cold Canada to sunny Santa Monica help with investment process?” *Read Marko’s review of Reminiscences Of A Stock Operator: https://bit.ly/2VzkaHM  

In this episode, Patrick Ceresna and Kevin Muir take a backseat and let fan-favourite Harris Kupperman aka Kuppy interview Josh Young from Bison Interests. Josh has been hitting out of the park when it comes to his energy picks, and he comes back to the Market Huddle to give us his new picks.

In this episode, Patrick Ceresna and Kevin Muir welcome to the show, Alfonso Peccatiello, head of investments for a large European bank and author of The Macro Compass. They have a terrific discussion about the macro environment and why even though the sovereign is a currency issuer and not a user, there are still major disinflationary tendencies that are difficult to overcome. Download Alfonso’s charts: https://bit.ly/3i6ETLX  

In this episode, Patrick Ceresna and Kevin Muir welcome quantitative portfolio manager and volatility specialist, Harel Jacobson to the show. They discuss how he got into the business, how he trades volatility and why his brokers won’t give him quotes on Mexican Peso/South African Rand options anymore.

In this episode, Patrick Ceresna and Kevin Muir welcome FX veteran and author of the book Alpha Trader, Brent Donnelly to the show. They have a wide ranging discussion about the qualities that go into making great traders, the biggest mistakes they make and why EDM music is the best backdrop for the trader squawk. Then Kuppy is back to talk about oil and meme stocks.

In this episode, Patrick Ceresna and Kevin Muir welcome bond veteran Mike MacBain from East Coast Fund Management to the show. They have a terrific discussion about credit spreads, how the industry has changed, and what the Fed is trying to accomplish with their recent shift. Then, Morris is back, and even more Morris than usual!

In this episode, Patrick Ceresna and Kevin Muir welcome yellow metal entrepreneur, Amir Adnani to the show. Amir shares his take on royalties and why gold and uranium are at the top of his list for attractive investments.

In this episode, Patrick Ceresna and Kevin Muir welcome Phil Schmitt to the show. Phil has a long career on bay street as a derivatives trader and hedge fund manager. They have a terrific discussion about the problems with the 60/40 portfolio, active vs. passive, ESG and what he thinks is the biggest risk out there – inflation.Then, Will Thomson from Massif Capital is back on the show to talk about his latest gold pick and the problems with the Chinese nuclear leak.

In this episode, Patrick Ceresna and Kevin Muir welcome Diego Parrilla to the show. They have a terrific macro discussion about anti-bubbles, how the governments are transforming the problems and why everything is an option. Then Kuppy is back – this time, he’s live with Patrick in Miami  

In this episode, Patrick Ceresna and Kevin Muir welcome back to the show, the godfather of options positioning, Cem Karsan. They have a terrific discussion about why regular folk should care about dealer inventories and why traders might think about pulling a Costanza when it comes to their summer positioning. Then we have the good fortune to have Edwin Dorsey from the Bear Cave Newsletter join to talk about his new letter focusing on short selling.  

In this episode, Patrick Ceresna and Kevin Muir welcome back to the show, fan favourite, Jim Leitner. They have a fascinating discussion about how retail traders can make their own digital options, why Jim likes uranium stocks and then, we have a Huddle first – our very own social science experiment you won’t want to miss!

In this episode, Patrick Ceresna and Kevin Muir welcome US-China Series co-founder, Paul Krake. They have a fascinating discussion about his career at some of the most prestigious hedge funds, and his unique view of how the macro landscape will unfold in coming years

In this episode, Patrick Ceresna and Kevin Muir welcome back to the show, Lyn Alden. We get an update on Lyn’s trades from her last appearance, and then she shares what she sees as the risks and opportunities going forward. Lyn’s Charts: https://bit.ly/3hrPW21

In this episode, Patrick Ceresna and Kevin Muir welcome back to the show, Jamie Wise from Periscope Capital. They have a terrific discussion about his new ETF BUZZ, what it’s like being in business with David Portnoy, and what the SPAC market has in store for us in the coming months. Then, it’s that time of the month again – fan favourite Kuppy is back to regale us with his latest adventures in Kuppy’s corner.

In this episode, Patrick Ceresna and Kevin Muir welcome back to the show, Chase Taylor form Pinecone Macro. They have a fascinating discussion about his favourite investments. To say Chase is contrarian could be the understatement of the year. Stick around to find out what Chase is buying and why.

In this episode, Patrick Ceresna and Kevin Muir welcome Vincent Deluard from Stone X to the show. They have a terrific macro discussion that you don’t want to miss and we might even figure out what’s up with Vincent’s inflation obsession.

In this episode, Patrick Ceresna and Kevin Muir welcome Ted Seides from Capital Allocators podcast. They have a fascinating discussion about his storied career, the wealth of wisdom that he has picked up over his years dealing with fund managers, and most importantly – what it was like losing a million bucks to Warren Buffett.

In this episode, Patrick Ceresna and Kevin Muir welcome Will Thomson from Massif Capital. They have a fascinating discussion about opportunities in off-the-beaten-path commodity companies, along other unique value investments he is making. Then Kuppy is back and he is starting a new position that might just surprise you!

In this shortened Easter weekend episode, Patrick Ceresna and Kevin Muir welcome Guy LeBas, the chief fixed income strategist from Janney Montgomery Scott to the show to explain bond auctions, why the SLR isn’t a big deal, and why when equity traders talk about issues going special, it’s time to go the other way.

In episode #124, Patrick Ceresna and Kevin Muir welcome Jay Pelosky from TPW Advisory. They have a great discussion about macro thematic investing, what is a Tri-Polar World, and even find out what it was like to work for investing legends, Barton Biggs and Byron Wien. Then, we have the great pleasure to have Barton back on the show to announce the launch of his new service – Fed.Tips

In episode #123​, Patrick Ceresna and Kevin Muir welcome Aidan Garrib from Pavilion Global Markets to talk about China’s macro plans, the way to trade the whole growth vs. value dynamic and why he is not allowed out after 8pm. Then Morris Sachs joins to talk about markets and at one point, he made Leena spit out her coffee with laughter – you can guess when! Download charts at: https://bit.ly/3lvfAmK

In episode #122, Patrick Ceresna and Kevin Muir welcome Gavekal Research CEO Louis-Vincent Gave to the show where they have a terrific discussion about why the market doesn’t like the US policy setting, what might replace bonds as the next anti-fragile asset, and why you can take the boy out of France but you can’t take Marxism out of the boy. Then, Brent Kochuba from SpotGamma joins to give us an update on how the option market is setting up for this week’s quad-witching expiry and to talk about if the market makers found a way to de-weaponize gamma.

In episode #121, Patrick Ceresna and Kevin Muir welcome Macro Hive founder Bilal Hafeez to the show. to talk to us about what he is seeing in the markets. Then Kuppy is back for our monthly Kuppy’s Corner. http://markethuddle.com/wp-content/uploads/2021/03/MH121.mp3

In episode #120​, Patrick Ceresna and Kevin Muir welcome Jim Leitner to the show to talk about his career, his investment philosophy and the best trade of his life. http://markethuddle.com/wp-content/uploads/2021/02/MH120.mp3

In episode #119, Patrick Ceresna and Kevin Muir welcome Cameron Crise from Bloomberg to the show to talk about his career, the current state of the markets and why Michael Lewis ruined his life. Then in Talking Charts, Patrick does his usual voodoo to divine where the markets are headed next week. https://markethuddle.com/wp-content/uploads/2021/02/MH119.mp3

In episode #118, Patrick Ceresna and Kevin Muir welcome Dan Carlson from Tailwinds Research. Dan is a microcap stock picker and he shares three of his favourite names. Then in Talking Charts, Patrick consults the oracle to divine what might lay ahead for the markets. http://markethuddle.com/wp-content/uploads/2021/02/MH118.mp3

In episode #117, Patrick Ceresna and Kevin Muir welcome Interactive Brokers Chief Strategist, Steve Sosnick to the show. They have a fantastic discussion about the GameStop saga, what it means for the market (hint – Steve thinks it’s potentially as transformative as the 1987 crash), and most importantly – Steve explains how the GameStop short interest become bigger than the float. Then, Kuppy is back! He is calling in from Puerto Rico – can’t miss a Kuppy’s corner in this crazy market. https://markethuddle.com/wp-content/uploads/2021/02/MH117.mp3

In episode #116, Patrick Ceresna and Kevin Muir welcome Brian Krogsgard from Ledger Status. Brian gives us no-coiners a terrific run down of the crypto landscape. Even those disbelievers of the bits-in-the-sky will find this a wonderful interview! https://markethuddle.com/wp-content/uploads/2021/01/MH116.mp3

In episode #115, Patrick Ceresna and Kevin Muir welcome back Lyn Alden to the show to discuss macro state of the markets, and find out what worries her going forward. Then Zach Resnick from Unbounded Capital joins to talk about crypto currencies and why his firm is focusing on Bitcoin SV. https://markethuddle.com/wp-content/uploads/2021/01/MH115.mp3

In episode #114, Patrick Ceresna and Kevin Muir welcome Julian Klymochko to the show to talk about the state of arbitrage, and what the heck is going with these SPACS.Then Morris Sachs returns to the show to tell us what he thinks of the markets. https://markethuddle.com/wp-content/uploads/2021/01/MH114.mp3

In episode #113, Patrick Ceresna and Kevin Muir welcome Cem Karsan to the show and they have a fantastic discussion about SPX option flow, and he explains to us who this VANNA is that everyone is talking about. Then Kuppy returns to review his trades from last year and to tell us about his new exciting project. https://markethuddle.com/wp-content/uploads/2021/01/MH113.mp3

In episode #112, Patrick Ceresna and Kevin Muir welcome the Market Wizards author, Jack Schwager back to the show in this second half of two-part Holiday Special series. https://markethuddle.com/wp-content/uploads/2020/12/MH112.mp3

In episode #111, Patrick Ceresna and Kevin Muir bring you the first half of two-part Holiday Special, with the Market Wizards author, Jack Schwager. https://markethuddle.com/wp-content/uploads/2020/12/MH111.mp3

In episode #110, Patrick Ceresna and Kevin Muir welcome Michael Gayed from Toroso Investments, to have a great discussion about different strategies to help navigate these interesting markets. https://markethuddle.com/wp-content/uploads/2020/12/MH110.mp3

In episode #109, Patrick Ceresna and Kevin Muir welcome legendary newsletter writer, Dennis Gartman to the show to talk about his 35 years of writing one of the most popular newsletters in the markets, and Dennis shares who he thinks is the best trader of all time. Then, Dave Floyd from Aspen Trading Group joins Patrick and Kevin for Talking Charts and gives us his insights. https://markethuddle.com/wp-content/uploads/2020/12/MH109.mp3

In episode #108, Patrick Ceresna and Kevin Muir welcome Eric Basmajian from EPB Research to the show to give Kevin’s MMT-here-comes-inflation-thesis a dose of cold water. Then, Kuppy is finally back to give us his update. https://markethuddle.com/wp-content/uploads/2020/12/MH108.mp3

In episode #107, Patrick Ceresna and Kevin Muir welcome back Andreas Steno Larsen from Nordea to the show to discuss the state of European markets. Then Erik Townsend of MacroVoices joins the show to talk about Abaxx Technologies. Download Andreas’ charts https://bit.ly/2Vd0W73 https://markethuddle.com/wp-content/uploads/2020/11/MH107.mp3

In episode #106, Patrick Ceresna and Kevin Muir welcome Frances Donald, the Global Chief Economist and head of the Macro Strategy at Manulife Investment Management. They have a terrific discussion on the ramifications of the recent Mnuchin treasury headlines, impact of COVID on the economy and what this means for your portfolio. https://markethuddle.com/wp-content/uploads/2020/11/MH106.mp3

In episode #105, Patrick Ceresna and Kevin Muir welcome back to the show, R.J. O’Brien’s institutional eurodollar broker Alex Manzara. They talk about the different colours of Eurodollars, and some of the cheapest vol out there. Then Visual Capitalist’s Jeff Desjardins joins to walk us through his new book, Signals. https://markethuddle.com/wp-content/uploads/2020/11/MH105.mp3

In episode #104, Patrick Ceresna and Kevin Muir welcome Michael Green from Logia Funds to the show and have a wide ranging conversation about Mike’s career and what he sees as the biggest risk out there. https://markethuddle.com/wp-content/uploads/2020/11/MH104.mp3

https://markethuddle.com/wp-content/uploads/2020/10/MH103.mp3 In episode #103, Patrick Ceresna and Kevin Muir welcome Josh Young from Bison Interests to talk about the macro picture for oil & gas, and a couple of companies posed to take advantage of the current dire environment. Then Brent Kochuba from Spotgamma.com joins to give us a special election gamma set up that you won’t want to miss!

https://markethuddle.com/wp-content/uploads/2020/10/MH102.mp3 In episode #102, Patrick Ceresna is back with Kevin Muir and they welcome veteran FX prop trader, David Kreisa to the show to talk about his time in the early 1990s when foreign exchange trading was the true wild west of financial markets. David also tells us the story of when the Swiss National Bank let the EURo-Swiss floor drop out, and finally, he shares with us some terrific wisdom for all the young traders out there.

In episode #101, Patrick Ceresna is away and Kevin Muir welcomes Nick Givanovic who shares the story of his career working in London for JPM and Salomon Brothers, then running his own hedge fund, and finally retiring to the Bahamas where he is busy trading and saving the local animals. Then Morris Sachs returns to the show as a special guest and fills in for Patrick. https://markethuddle.com/wp-content/uploads/2020/10/MH101.mp3

In episode #100, Kuppy joins Kevin Muir as the guest co-host while Patrick Ceresna is away. They welcome Lyn Alden back to the show where they talk about debt cycles, fiscal & monetary policy and even bitcoin. https://markethuddle.com/wp-content/uploads/2020/10/MH100.mp3