Ep. 202: Alberto Gallo on Trump, Fiscal Risks, and Market Outlook

 

Alberto Gallo is Chief Investment Officer and Co-founder at Andromeda Capital Management. Prior to that, Alberto initiated and ran the Global Credit Opportunities fund at Algebris Investments. Previously, he ran macro credit research at RBS in London, and served in senior research roles at Goldman Sachs in New York, Bear Stearns in New York and London, and Merrill Lynch in London. In this podcast we discuss: 

• Market too focused on rate cuts 

• Importance of new fiscal regime 

• Inflation risks 

• Boomers vs millennials 

• What is wrong with current policies 

• How populism works 

• How Fed hiking front-end rates hurts the poor, not the rich 

• Trump policies 

• Rise in r-star 

• Financial stability issues 

• Geopolitics 

• Which parts of credit will do well 

• Default rates and credit 

• Views on duration and equities 

• Charts mentioned can be found here  

• Films mentioned: Nine Days (2020), Her (2013), Minority Report (2002) 

 

You can follow Alberto’s work here, follow him on Twitter here. 

 

Make sure to subscribe to the show on Apple, Spotify, YouTube, or wherever you go for your podcasts. You can follow us on Twitter and LinkedIn.

 

(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)