A Hong Kong Macro Play

Published on
October 3rd, 2019
Duration
20 minutes


A Hong Kong Macro Play

Trade Ideas ·
Featuring Kevin Smith

Published on: October 3rd, 2019 • Duration: 20 minutes

Is the 36-year-old currency peg between Hong Kong and the U.S. on the verge of collapse? Kevin Smith, CFA, founder and CIO of Crescat Capital, explains his short thesis on the Chinese Yuan and Hong Kong Dollar. In this interview with Justine Underhill, Smith reviews the debt buildup and imbalances in both places and highlights put options as a way to play the situation. He also updates viewers on his outlook for the S&P 500 and gold. Filmed on October 2, 2019.

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