Andy Constan: Higher For Longer, Short Twoos & Spoos

Today, we’re joined by Andy Constan. Andy is the Founder & CIO of Damped Spring Advisors, a macroeconomic research firm specializing in Hedge Fund consulting. Andy brings a great deal of experience to the table, having worked at some of the biggest macroeconomic hedge funds- including Bridgewater & Brevan Howard.

Find the show notes below:

  • Part 1 (0:00-39:00): Etymology of ‘Higher for Longer’, Three D’s, Monetary and Fiscal Policy 2.0, Requirements for ending Inflation and Cutting Demand, The Acts for a Pivot 
  • Part 2 (39:00-53:00): Curve Dynamics, Nuances of the ‘Recession Trade’, The Wealth Effect, Impact of Tightening and Issuance of Long Duration on Inflation, New State of ‘De-globalization’
  • Part 3 (53:00-1:32:00): ‘Short Twos & Spoos’ Trade Framework, P/E Decomposition, Drivers of Equity & Fixed Income Performance, Monetary Policy Pricing in Asset Markets, Macro-Factor Decomposition

Follow both @prometheusmacro & @dampedspring on Twitter for more.

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