We're posting up notes from the Sohn Investment Conference in New
York, produced in partnership with Bloomberg LINK. Next up is Paul Tudor Jones of Tudor Investment Corp who talked about the macro trading environment.
Paul Tudor Jones' Sohn Conference Presentation
"Manic depressive trading in a volatility-compressed world."
Macro trading has been as difficult as he can recall it ever in his career. He spent several charts bemoaning the lack of interest rate changes and fixed income volatility. Even stocks and FX have had very low volatility over the last 2-3 years.
Bad for macro guys who need volatility to trade. According to his models, US bonds should be shorted April 2015, based on a July 2015 rate hike.
Be sure to check out the rest of the presentations from the 2014 Sohn Investment Conference.
Tuesday, May 6, 2014
Paul Tudor Jones on Macro Trading Environment: Sohn Conference Presentation
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