Chen Zhao, co-founder and Chief Global Strategist at Alpine Macro joins us today to outline why growth has been resilient in 2023 but why he sees deflation and an economic downturn as a rising risk as we move into in 2024. We hear why the best global macro trades are the hardest to hold and why he believes long fixed income is the best trade at the moment. We discuss the long term outlook for growth and inflation in the major economies and hear why Chen is dismissive of the idea that deglobalisation and the greening of the global economy may be inflationary forces going forward. We also discuss investment opportunities in Japan and emerging markets and hear why Chen is concerned about the macro outlook in China but sees value in the local stock market.
-----
EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.
Learn more about the Trend Barometer here.
Send your questions to info@toptradersunplugged.com
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Follow Alan on Twitter.
Follow Chen on LinkedIn.
Episode TimeStamps:
02:13 - Who is Chen Zhao?
06:19 - Why has the economy been so resilient?
11:20 - The typical electoral cycle?
16:44 - The outlook for inflation
19:27 - Concerns about stagflation - valid or not?
26:07 - Rates going back to zero?
28:48 - Achieving high sustained investment growth
31:01 - The effect of moving towards climate friendly production
32:57 - China - a deflationary force
38:38 - Bond yields - any surprises?
39:29 - Concerns about the U.S. debt dynamics?
42:07 - Have yields reached their peak?
42:54 - The situation in Europe
45:20 - Back to the 2010s?
46:36 - A global increase in spending?
47:37 - Concerns from a global risk perspective
51:00 - The Japanese economy
52:35 - The outlook for emerging markets
54:45 - Advice for other traders
55:59 - Thanks for listening
Copyright © 2023 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
Privacy Policy
Disclaimer
SI229: Managed Futures - The Ultimate Diversification Tool? ft. Andrew Beer
TTU128: Trend Following for Life ft. Marty Bergin, President of DUNN Capital Management
IL13: A Biography of the Dollar ft. Perry Mehrling
TTU127: Trend Following L.A. Style ft. Ryan O' Grady, Co-Founder & CEO at ROW Asset Management
SI228: Are Markets Priced for Perfection? ft. Alan Dunne
TTU126: Trend Following + Something ft. Kevin Cole, CEO & CIO at Campbell & Co.
IL12: How to Invest ft. David Rubenstein
TTU125: Trend Following vs Short Term ft. Michael Pomada, President & CEO at Crabel Capital Management
SI227: Trend Following in an Uncertain World ft. Richard Brennan
TTU124: Trend Following with a Twist ft. Harold de Boer, Managing Director at Transtrend
GM32: Commodity Super Cycle in Full Force ft. Jeff Currie
TTU123: Trend Following Master Class ft. Russell Korgaonkar, CIO at Man AHL
SI226: Trend Following - the Do's & the Dont's ft. Rob Carver
IL11: How China Derailed Its Peaceful Rise ft. Susan Shirk
TTU122: New Amazing CTA & Managed Futures Series
ALO13: Building Resilient Portfolios with Alternatives ft. Dylan Grice
SI225: 2023...Another Great Year for Trend Following? (TTU Group Part 2)
SI224: 2022 the Perfect Year for Trend Followers? (TTU Group Part 1)
GM31: The Art of Volatility Investing ft. Dave Dredge
SI223: 2022 an unusual year for Volatility ft. Cem Karsan
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast