Jonny Matthews on US Economy and Why the Fed Will Not Cut in 2025 | MHC Ep 254

Jonny Matthews is a senior portfolio manager at Fortem Capital and creator of SuperMacro, an institutional-level macroeconomic research platform. Before that, he spent 12 years as a partner at Brevan Howard, where he managed a $500 million investment portfolio. Earlier in his career, Johny spent 11 years at Citigroup, leading a team in equity derivatives trading following the acquisition of Salomon Brothers, where he began his career. His expertise spans fixed income, equities, FX, credit, and derivatives strategies, including relative value and volatility arbitrage trading. This podcast covers:
-Lessons learned during his time at Saloman Brothers and Brevan Howard
-Experience of trading before the GFC
-Thoughts on the US economy - growth, inflation and tariffs
-Fed and rates view
-Is a stronger dollar now inevitable - including Europe and UK overview?
-Outlook for US equities and AI implications
-Thoughts on Germany and Euro-area
-Views on the rest of the world (Japan, China)
-Favourite trades
-Books mentioned: Market Wizards (Schwager), Liar’s Poker (Lewis), This Time Is Different: Eight Centuries of Financial Folly (Reinhart, Rogoff)
You can follow Jonny here (super-macro.com/) and here (x.com/super_ma....

[@DevanshuBisht]

Great podcast. But really gotta do smthn with the audio quality buddy 😅