The Tactical Non-Consensus Trade

Published on
April 11th, 2019
17 minutes

The Tactical Non-Consensus Trade

Investment Ideas ·
Featuring Charlie McElligott

Published on: April 11th, 2019 • Duration: 17 minutes

In the last few months the Fed has aggressively changed the direction of its rhetoric and policy, but what does that mean for investors? Charlie McElligott, managing director of cross-asset strategy at Nomura Holdings, discusses the March "Fed Rate Cut Panic". He says it caused the rally in U.S. fixed income to overheat and created a bearish narrative on a potential recession. This may present investors with an opportunity to fade the consensus "slow-flation" story and reallocate assets accordingly. Filmed on April 8, 2019 in New York.