About Erik Townsend

hedge fund manager Erik Townsend

Erik Townsend is a retired software entrepreneur turned hedge fund manager. Throughout his career, Erik has capitalized on his ability to understand complex systems and anticipate paradigm shifts far in advance of the mainstream. Read More...

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BarryRitholtzErik Townsend and Patrick Ceresna welcome Barry Ritholtz to MacroVoices. Erik and Barry discuss:

  • Defining Bull and Bear Markets
  • Bullish case for equities
  • Dollar still the best option
  • Where are interest rates heading?
  • Are junk bonds at risk?
  • China credit risk
  • Trends in populism and socialism
  • Crony Capitalism
  • What could go wrong with MMT?

SPECIAL POST GAME GUEST- Charlie McElligott - Ides of MarchCharles Mcelligott Headshot 125x

Quarterly Op-Ex Seasonality
Extremes in option $Delta (SPX, SPY and QQQ)
Resumption of buyback blackout window
Systematic trend models - sell triggers

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pippa malmgrenErik Townsend and Patrick Ceresna welcome back Pippa Malmgren to MacroVoices. Erik and Pippa discuss:

  • Perspective on the U.S./China Trade War
  • Is this about trade or the Korean peninsula?
  • Chinese strategy in the South China Sea
  • The future of Donald Trump
  • China and Russia relations
  • Future of hypersonic warfare
  • Trends in socialism and populism
  • Surveillance Capitalism
  • Outlook for the equity markets

 

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LukeGromenErik Townsend and Patrick Ceresna welcome back Luke Gromen to MacroVoices. Erik and Luke discuss:

  • Underlying motives & timing
  • Oil, Petrodollar, and global Treasury Holdings
  • Drivers behind the strong dollar
  • Vicious Cycle in US Balance of Payments
  • Timing the dollar endgame
  • How does the dollar bear market playout?
  • Entitlements and the trends in populism
  • Deflating the debt bubble
  • How does gold play into the story?
  • What are the range of possibilities for the debt crisis?

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SPECIAL POST GAME GUEST-  BRENT JOHNSONBrentJohnsonx125

  • Alternative timeframes for the dollar endgame
  • Why the dollar can continue to rise in the interim 

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Filia HeadshotErik Townsend and Patrick Ceresna welcome back Francesco Filia to MacroVoices. Erik and Francesco discuss:

  • How severe could a bear market be?
  • Complex dynamic systems
  • Short-term crash vs. extended bear market
  • Phase transitions and twin bubbles
  • Tipping points, crash hallmarks and butterflies
  • Why are the risks now?
  • Are treasury bonds going to be the benefactor?
  • How to play the short side of the markets?
  • Populism is the elephant in the room
  • Alternative monetary policy 

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Gurevich PhotoErik Townsend and Patrick Ceresna welcome back Alex Gurevich to MacroVoices. Erik and Alex discuss:

  • Bigger picture outlook in the business cycle
  • Perspective on the yield curve steepener
  • Outlook Treasury bonds
  • Where is the dollar trend heading next?
  • Quantitative tightening and easing in this cycle
  • Australian and Canadian economies
  • Outlook on Chinese economy
  • What is on the horizon for Japan?
  • What is in the future for Europe?
  • Where is gold heading in the bigger picture?
  • Interest rates as a predictor of equity markets

 

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Grant WilliamsErik Townsend and Patrick Ceresna welcome Grant Williams back to MacroVoices. Erik and Grant discuss:

  • Are we in a cyclical bear market? 
  • Where are we headed next on treasury yields? 
  • Is the world turning Japanese? 
  • Escalation of tensions between China and Taiwan 
  • Update on how things are developing on Australian Real Estate
  • Risks of a recession in Australia  
  • Perspective on the rise of global populism  
  • Macron, France and the future of Europe
  • Outlook on gold and the yuan/gold ratio
  • What is the next move in the U.S. Dollar? 

SPECIAL POST GAME GUEST- MACRO TOURIST KEVIN MUIR discussing Modern Monetary Theory Kevin Muir 2019

The Macro Tourist - Everything you wanted to know about MMT (but were afraid to ask)

Watch Erik Townsend joining Patrick Ceresna and Kevin Muir on the new Market Huddle Show https://markethuddle.com/

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RussellNapierMacroVoicesErik Townsend and Patrick Ceresna welcome Russell Napier back to MacroVoices. Erik and Patrick discuss:

  • Where are treasury bonds heading next?
  • Foreign buyers of treasury bonds
  • How does China effect global growth?
  • Tightening of Chinese monetary policy
  • Which central bank is dictating global inflation
  • Fed policy and the trend of monetary policy
  • Outlook for developed stock markets
  • Consequences of loose monetary policy
  • Is the decade long bull market over?
  • Is the Fed out of bullets?
  • Outlook for the U.S. Dollar

Russell Napiers: A Practical History of Financial Markets Course Details

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Charles Mcelligott Headshot 250xErik Townsend and Patrick Ceresna welcome Charlie McElligott back to MacroVoices. Erik and Charlie discuss:

  • China Trade Collapse
  • Update on China Credit Impulse
  • PBoC Liquidity Operations
  • Bear market rally or continuation of bull market?
  • Fading the Fed’s economic optimism
  • Sequencing that could cause a force in on the equity markets
  • CTA Model Positioning across asset classes
  • Positioning in risk parity funds
  • Purge in equity fund flows in Q4 2018
  • Fear the steepener

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Christopher Cole Headshot 2019Erik Townsend and Patrick Ceresna welcome Chris Cole back to MacroVoices. Erik and Chris discuss:

  • Dissecting what happened in February 2018
  • Implicit and explicit short vol risk
  • Perspective on the next phase of the short vol unwind
  • Impacts of the reduction of central bank balance sheets
  • Link between volatility and the credit cycle
  • Will the Fed have the ammunition to come to rescue?
  • Perspective of the risk parity funds
  • Stock/bond correlation risk to pension funds
  • What does it take to make money long volatility?

You are strongly advised to listen to Chris Cole’s prior interview, The Alchemy of Risk before listening to this update
Click to listen to Chris Cole's interview back in Janauary 2018

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Marin Katusa OfficeErik Townsend and Patrick Ceresna welcome Marin Katusa to MacroVoices. Erik and Marin discuss:

  • Update on uranium and uranium producers
  • Outlook on oil prices
  • Opportunities in the steel industry
  • Investing in the diamond industry
  • What is happening in the resource industry?
  • How to be a successful resource investor

Katusa Research Promo for MacroVoice Listeners

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MACRO VOICES is presented for informational and entertainment purposes only. The information presented in MACRO VOICES should NOT be construed as investment advice. Always consult a licensed investment professional before making important investment decisions. The opinions expressed on MACRO VOICES are those of the participants. MACRO VOICES, its producers, and hosts Erik Townsend and Patrick Ceresna shall NOT be liable for losses resulting from investment decisions based on information or viewpoints presented on MACRO VOICES.

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