Sign up to save your podcasts
Or
Share #166 Nancy Davis: 'Whatever They Say, The Opposite Happens' — Fed Meeting Reaction, Why Inflation Is Here To Stay, And The Opportunity For Investors
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
#166 Nancy Davis: 'Whatever They Say, The Opposite Happens' — Fed Meeting Reaction, Why Inflation Is Here To Stay, And The Opportunity For Investors
Nancy Davis, founder and portfolio manager of Quadratic Capital Management, joins The Julia La Roche for episode 166 to react to the May Fed Meeting and the Federal Reserve's decision to keep rates unchanged.
In this episode, Nancy shares that inflation is a persistent issue that cannot be easily resolved. However, she sees this as an opportunity for investors, as many people do not have inflation-protected bonds or exposure to the rates market in their core bond portfolios. Nancy notes that during the last period of high inflation in the 1970s, people often turned to commodities and cyclical equities because the interest rate derivative markets, rates market, and even the inflation-protected bond market did not exist at that time. She adds that investors now have more options to protect their portfolios against inflation compared to the past.
Links:
IVOL: https://ivoletf.com/
Quadratic Capital: https://quadraticllc.com/
Twitter: https://twitter.com/nancy__davis
0:00 Intro and welcome Nancy Davis
0:59 FOMC reaction
1:22 Fed allowing mortgages to run off
2:30 Volatility, explained
3:15 Fed interest rate policy
5:19 Be really careful about not focusing too much on consensus and looking more at what's priced in.
5:59 Rate cuts this year/ inflation exposure in investor portfolios
7:36 Opportunity in rates
10:49 IVOL (Quadratic Interest Rate Volatility and Inflation Hedge ETF)
15:48 Rates market a leading indicator for you
18:04 Macro picture
19:47 Inflation protected bond market
22:45 Inverted yield curve
24:13 Bonds a good buy?
25:18 Will the Fed cut this year? Will they cut before the election?
26: 22 Assessment of the Federal Reserve/ stagflation?
29:03 Nancy's background
32:40 Parting thoughts
View all episodes
By Julia La Roche
4.5
4343 ratings
Nancy Davis, founder and portfolio manager of Quadratic Capital Management, joins The Julia La Roche for episode 166 to react to the May Fed Meeting and the Federal Reserve's decision to keep rates unchanged.
In this episode, Nancy shares that inflation is a persistent issue that cannot be easily resolved. However, she sees this as an opportunity for investors, as many people do not have inflation-protected bonds or exposure to the rates market in their core bond portfolios. Nancy notes that during the last period of high inflation in the 1970s, people often turned to commodities and cyclical equities because the interest rate derivative markets, rates market, and even the inflation-protected bond market did not exist at that time. She adds that investors now have more options to protect their portfolios against inflation compared to the past.
Links:
IVOL: https://ivoletf.com/
Quadratic Capital: https://quadraticllc.com/
Twitter: https://twitter.com/nancy__davis
0:00 Intro and welcome Nancy Davis
0:59 FOMC reaction
1:22 Fed allowing mortgages to run off
2:30 Volatility, explained
3:15 Fed interest rate policy
5:19 Be really careful about not focusing too much on consensus and looking more at what's priced in.
5:59 Rate cuts this year/ inflation exposure in investor portfolios
7:36 Opportunity in rates
10:49 IVOL (Quadratic Interest Rate Volatility and Inflation Hedge ETF)
15:48 Rates market a leading indicator for you
18:04 Macro picture
19:47 Inflation protected bond market
22:45 Inverted yield curve
24:13 Bonds a good buy?
25:18 Will the Fed cut this year? Will they cut before the election?
26: 22 Assessment of the Federal Reserve/ stagflation?
29:03 Nancy's background
32:40 Parting thoughts
More shows like The Julia La Roche Show
View all
Macro Voices
3,052 Listeners
The Meb Faber Show - Better Investing
926 Listeners
Real Vision: Finance & Investing
912 Listeners
Hedgeye Podcasts
201 Listeners
Palisades Gold Radio
239 Listeners
The Market Huddle
362 Listeners
Eurodollar University
462 Listeners
ITM Trading Podcast
64 Listeners
Supply Shock
120 Listeners
Wealthion - Be Financially Resilient
377 Listeners
The Jay Martin Show
61 Listeners
Forward Guidance
274 Listeners
Thoughtful Money with Adam Taggart
341 Listeners
The David Lin Report
30 Listeners
Monetary Matters with Jack Farley
89 Listeners