Michael Nicoletos - US Dollar Bullishness, Relative Yields, and Getting Paid to Wait

Recorded on December 15th, 2023

 

Michael Nicoletos, former Emerging Markets’ focused Hedge Fund Manager and currently Founder and CEO of DeFi Advisors, has been investing in financial markets across assets for more than two decades.

 

In this conversation, Roger and Michael explore in depth the reasons why the US Dollar is in a structural bull market relative to other currencies. Michael’s core thesis can be found here.

 

#finance  #investing  #macro  #bonds  #volatility  #usdollar  #inflation

 

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0:00 – Michael’s Background

3:02 – US Dollar Bullish Framework

17:50 – The Relative Yield Story and the Eurodollar Market

29:56 – US Equities, Bonds, and Twin Deficits Importance for the US Dollar

37:05 – US Equities vs Emerging Markets, and US Dollar vs Commodities

43:18 – The Dollar Napalm Run

45:15 – Long-Term Portfolio Implications

57:40 – DXY Moves that Matter

60:00 – Short-Term Defensive Trades

 

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