Run It Hot Hot Hot

More from The Macro Trading Floor All episodes →

1. 

   23 Oct 2025 · 29 min

   Momentum Shock: What Next For Markets?

   Have a great macro trade idea for Alf and Brent to discuss on the show? Send your trade idea here: ⁠TMTF Trade Of The Week Alf and Brent discuss the vicious momentum unwind which took down precious metals and various speculative stock market sectors: what should we expect now? The duo also discusses the upcoming US CPI, and take a step back to assess the big picture macro setup we will likely face for the next 6-9 months.

2. 

   17 Oct 2025 · 32 min

   Gold & Cockroaches

   Have a great macro trade idea for Alf and Brent to discuss on the show? Send your trade idea here: TMTF Trade Of The Week In this episode, Alf and Brent discuss the massive rally in precious metals: what's behind it? Is it a broad debasement theme or just a big momentum trade? And is Dimon right when he talks about more cockroaches in credit markets?

3. 

   10 Oct 2025 · 35 min

   Buy The Bubble or Watch It Burst?

   Alf and Brent discuss the massive AI-driven rally which is beginning to have strong implications for broader markets and the economy. Brent presents the consensus view from several hedge fund PMs he met in Singapore - are they riding the bubble or afraid it's going to burst soon? And what about bonds, gold, and the USD?

4. 

   6 Sep 2025 · 33 min

   Cracks In The US Labor Market - What Next?

   Alf and Brent discuss the recent NFP print and its implications for markets. They also reflect on the right framework to apply to RSI and options when dealing with asset classes having skewed return distributions.

5. 

   29 Aug 2025 · 29 min

   The Truth Behind Fiscal Dominance

   Alf and Brent discuss the latest attempt from Trump to gain more control over the Fed, and the implications this might have on multiple asset classes. They also discuss the JPY and the political situation in France.

6. 

   8 Aug 2025 · 34 min

   Is The Fed Ready To Capitulate Dovish?

   Alf and Brent discuss the weak labor market data and the likely Fed reaction function. The duo also reflects on how you might be right on the macro idea, but market pricing at inception of your trade matters sometimes more than whether you were directionally right or wrong.

7. 

   1 Aug 2025 · 32 min

   The Tariff Mismatch Theory

   Alf and Brent discuss the sharp USD repricing and the market positioning for a mild tariff impact on the US economy - what if we get a surprising slowdown over the next few months instead?

8. 

   25 Jul 2025 · 37 min

   Carry & Options In A Trump World

   Alf and Brent discuss the recent clashes between the Trump administration and the Fed, the more friendly deal-making stance on tariff deals, and how to use options when trying to capture convex moves and incorporate carry into your thinking.

9. 

   18 Jul 2025 · 36 min

   Macro Crossroads: What's Next For Markets?

   Alf and Brent discuss the crossroads ahead of us for the economy and markets: the USD selling seems to have lost steam, and tariffs' impact on the economy won't be easy to judge for months. So, what lies ahead of us?

10. 

    13 Jun 2025 · 33 min

    Time For The Fed To Turn Dovish?

    Alf and Brent discuss the recent soft CPI print and the state of the US labor market. They highlight the odds of a dovish Fed pivot, and what that might entail for markets. Transcript: https://www.spectramarkets.com/tmtf-transcript-11jun25/