In this discussion, the ReSolve team is joined by Alfonso Peccatiello, financial analyst, to discuss the current state of the economy, the impact of Biden's stimulus, and the intricacies of investing in the current financial landscape. They delve into a wide range of topics, providing valuable insights for anyone interested in understanding the complexities of the financial markets.

Topics Discussed

• The impact of Biden's stimulus on the economy and how it has helped the economic indicators pick up again

• The current state of growth, inflation, and the central bank reaction function

• The potential impact of fiscal stimulus on the economy and the concept of ‘macro lags’

• The influence of interest rates on the economy and the different scenarios that can occur

• The current state of the housing and labor markets in response to rising rates

• The interpretation of the recent US GDP print and the consensus on future growth

• The importance of surprising markets and investing in assets that benefit from this surprise

• The concept of a 'Forever Portfolio' and how to achieve it using ETFs

• The importance of sizing in portfolio construction and how to balance attackers and defenders

• The role of commodities and the Dollar in a diversified portfolio

• The concept of allocating for diversity and the importance of tracking error in portfolio management

This episode is a must-listen for anyone interested in understanding the current state of the economy, the impact of fiscal policies, and the strategies to navigate the uncertain financial landscape. Alfonso Peccatiello provides valuable insights into the intricacies of investing and portfolio construction, making it an enlightening discussion for both new and seasoned investors.

This is "ReSolve Riffs" – published on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by  Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.

*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.