Erik Townsend and Patrick Ceresna welcome Charlie McElligott to MacroVoices. Erik and Charlie discuss:
- Impact of policy change on the yield curve
- Drivers of volatility in rates
- Fed taking the pro-inflationary stance
- Futures driven equity unwind
- CTA positioning on the SPX
- SPX/SPY/QQQ Gamma/Delta extremes
- Consolidated Gamma flip
- VVIX and VIX positioning
- Vol is either "too high" or S&P should be a lot lower
- Buyside embrace economic pessimism
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Charlie McElligott is Managing Director and Cross-Asset Macro Strategist for Nomura’s Global Markets business.
Mr. McElligott is based in New York and joins Nomura from RBC Capital Markets where he was most recently a Managing Director and Head of US Cross-Asset Macro Strategy.
Mr. McElligott concentrates on macro markets with a focus on positioning and sentiment, alongside quantitative factor analysis. His goal is to provide actionable insights through daily content and idea generation.