Markets Exposed to Complacency Test

Published on
September 27th, 2017
Topic
Volatility, Derivatives, Macro
Duration
40 minutes
Asset class
Equities, Bonds/Rates/Credit

Markets Exposed to Complacency Test

The Interview ·
Featuring Dean Curnutt

Published on: September 27th, 2017 • Duration: 40 minutes • Asset Class: Equities, Bonds/Rates/Credit • Topic: Volatility, Derivatives, Macro

Dean Curnutt, of Macro Risk Advisors, joins Tom Thornton to discuss the intricacies involved in trading volatility at the end of credit cycles. Suggesting that markets aren’t as safe as they appear to be, Dean surveys the economic landscape and identifies the risks, including the unsettled geopolitical environment and the liquidity in credit markets. Filmed in New York, on September 21, 2017.

Comments

  • RM
    Ryan M.
    5 June 2018 @ 14:44
    I've seen this twice now. Love the way Dean articulates his views with such clarity. Please bring him back again.
  • JW
    James W.
    26 November 2017 @ 05:26
    I like Tom T., but unfortunately he came to this interview entirely unprepared, and Mr. Curnutt clearly knew it. I've seen him interviewed numerous times on Bloomberg and also this past May on Jim Grant's podcast, and he unfailing brings unique information and perspective to the table. Unfortunately we did not get a shred of that here - a great opportunity missed.
  • CT
    Christopher T.
    16 October 2017 @ 04:33
    Tom is an awkward interviewer
  • SS
    Simon S.
    8 October 2017 @ 18:50
    Dean-Sell Side, Tom-Buy Side...
  • LC
    Louis C.
    3 October 2017 @ 16:17
    Good interviewee, bad interviewer, painful to watch
  • CC
    Charles C.
    30 September 2017 @ 16:43
    Great interview. Please bring him back.
  • RI
    R I.
    29 September 2017 @ 20:51
    Sounds like Tom loves CNBC and Barrons.
  • KS
    Kathleen S.
    28 September 2017 @ 19:33
    Government Bonds don't really trade at negative rates if a central bank that prints money out thin air is the only one buying them.
  • WS
    William S.
    28 September 2017 @ 19:14
    Engaging interview. However, Dean made one comment that made me go, "Huh?" Delineating the several areas where volatility is inordinately low, he also included "currency volatility." My observation is that the volatility suppressed out of all other asset classes has migrated with a vengeance to the currency markets. In just the past several days we have seen USDJPY drop 300+ bps to 107.40, only to then rocket upwards to 113.40 over the course of just a few more days. Single day moves of 100+ bps have become commonplace -- something that would never have been seen in years past. This suggests to me that currency risk is now higher than ever before.
  • Sv
    Sid v.
    28 September 2017 @ 17:56
    Thank you RV
  • RH
    Robert H.
    28 September 2017 @ 10:50
    Regarding Home Screen. I find the Artistic or Iconic Home screen to be clever and memorable: Headshot for A Rogers, Faber or Bass I vote yes others no..
  • SD
    S D.
    28 September 2017 @ 07:08
    Interesting. Was also hoping to hear Tom on some of his recent calls and outlook and demark things and sentiment etc. Could he come on regularly like once a month to give a view? That'd be fierce value add, especially right now, or for the next while.
  • TM
    The-First-James M.
    27 September 2017 @ 23:57
    Loved this. Really valuable insight. Thanks.
  • DM
    Daniel M.
    27 September 2017 @ 20:56
    I would recommend using the headshot of the person being interviewed for the home screen. It's hard to know who looks interesting when you have just stock photos that mean nothing. The one for Dean is an elephant. Why an elephant? Why not just put a picture of him.
    • sw
      shaun w.
      28 September 2017 @ 03:46
      elephants have long memories. Maybe it relates to the myopia of late bandwagon investors
  • TT
    Thomas T.
    27 September 2017 @ 19:10
    It was a pleasure interviewing Dean. He's exceptionally sharp on all things macro. Hope to interview him again soon.
  • RA
    Robert A.
    27 September 2017 @ 18:12
    Now THAT was a great vintage RV interview. Very tightly covered 10-12 important topics with out a wasted word or breath. Tom did a masterful job on the interview and, IMO, it's not as easy as he made it look---you knew he was prepared and knew the ground he wanted to cover. To think that we EVER had to endure CNBC's 2 min soundbites where everyone just talks over each other and nothing of substance ever gets said. I'd take a RV quality interview like this and the great comments section over ANY other medium of intellectual exchange. Outstanding job you guys!
  • AG
    Amir G.
    27 September 2017 @ 18:12
    very informative, very articulate, very clear and to the point. Every second of this interview counts, I'm going to watch it again at least once more.
  • CG
    Chase G.
    27 September 2017 @ 17:10
    Thanks Thomas, great interview!!
  • TD
    Tom D.
    27 September 2017 @ 15:13
    Can't find the comments.

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