Macro Mishegas

Advisor to hedge funds, family offices, and institutional investors.... macro/volatility lens to portfolio construction and market risk.

[Macro Mishegas @MattGarrett3]

Lots of opinions spreading like wild 🔥 on the banking crisis sparked at $SIVB.

Here was my explanation on the situation prior to it flaring up and what I believe still is the case.

[Macro Mishegas @MattGarrett3]

@NoHopeWithOpe @nyknicks @jalenbrunson1 @RZA We are all seeking the truth! 😂

[Macro Mishegas @MattGarrett3]

I knew the @nyknicks had tonight locked when @jalenbrunson1 landed on the @RZA and the RZA blessed him. 🙌🏻

[Macro Mishegas @MattGarrett3]

@sunchartist And Nobody is talking about it!

[Macro Mishegas @MattGarrett3]

@macropotamus and they clearly don't get any kind of exercise either.

[Macro Mishegas @MattGarrett3]

@RajaKorman how about "neighbors encroaching tree" ?

[Macro Mishegas @MattGarrett3]

The software problem for the market is that while ai names will be winners as software's expense, most ai names are private. That leaves the Nasdaq with a little bit of a headwind $QQQ.

[Macro Mishegas @MattGarrett3]

Prices rise during the process of re-onshoring upstream parts of the supply chain.

Built in USA comes with a period of higher inflation.

Expanding global middle class comes with upward price pressures globally.

Weaponizing global supply chains comes with higher prices.

[Macro Mishegas @MattGarrett3]

Here is some of the clearest evidence of what has been a steady driving theme of mine for the last 5+ yrs ~ reonshoring and more regionalization of manufacturing that all falls under global supply chain restructuring.

[Macro Mishegas @MattGarrett3]

A new form of PPP - We look at Mountain Pass $MP

The Largest Emerging Market? I'd say this has now become the default language among macro strategists.

[Macro Mishegas @MattGarrett3]

@FinanceCam @BodhiTreeCIO Yes. Why I'd been asking people "what's the largest EM?" And answering "The US" for 2+ yrs. https://t.co/ek7aBmKzuR

[Macro Mishegas @MattGarrett3]

I am ready for an explainer on something new and complex from people who show no ability to handicap the future with any reliability (ignoring their ability to be a good contra). anyone know a good platform for this?

[Macro Mishegas @MattGarrett3]

This should STIR up vol.

[*Walter Bloomberg @DeItaone]

*FHFA CALLS ON CONGRESS TO INVESTIGATE JEROME POWELL

[Macro Mishegas @MattGarrett3]

Right now you watch their biggest customer.

[Macro Mishegas @MattGarrett3]

@TheStalwart Maybe Roy Q Circle III, the great grandson of the founder. I heard he got left out, he was de-bequeathed as they say.

[Macro Mishegas @MattGarrett3]

@bennpeifert expiring option settlement value derived from the brief moment of opening of 30 day forward vol.

[Macro Mishegas @MattGarrett3]

@bennpeifert as we approach Vixpiration, Vix complex does have some unique attributes, no?

[Macro Mishegas @MattGarrett3]

Vixpiration / Vix Settlement this AM. Looking reasonable around 21. But 19 or 25 would be reasonable.

[Macro Mishegas @MattGarrett3]

@BrianGierke Good to see TUTu and TUThu sticking together. :)

[Macro Mishegas @MattGarrett3]

I would have thought the TUThu would have come with its cousin the TUTu

[Brian Gierke @BrianGierke]

To henceforth be known as the TUTU trade.

[Macro Mishegas @MattGarrett3]

Do fintwit (or whatever it’s called) beefs still happen?

[Macro Mishegas @MattGarrett3]

Direction of travel was a bit lower for rates

[Macro Mishegas @MattGarrett3]

could be another one of these things the world talks about 2 weeks from now after the moves happen.