The Spectra Markets Library

friday speedrun
Friday Speedrun

Convexity now goes both ways

When oil gets to $100, expect Trump to declare victory.

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am/FX

Symmetrical convexity

EM is convex in both directions right now, which is uncommon

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am/FX

U.S. Job Market and EURCHF

Employment insights from a guy who took economics but isn’t an economist

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am/FX

Consolidation

We got the KOSPI panic and the MXN blowoff and now it’s time to reassess/wait

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am/FX

Pavlov’s Bulls

Too many faders spent their tax refunds yesterday

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am/FX

Too many faders

This doesn’t feel like June 2025 to me

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friday speedrun
Friday Speedrun

KOSPI on a sunbound pegacorn

US equities zig zag while Korea flies.

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am/FX

Iran, China, and Korea

Weekend jitters, flattening the USDCNH slope, and KOSPI madness

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am/FX

Simon Flint in the house!

Splashy new hire for Spectra (plus equity dispersion, JPY, and more)

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am/FX

Gold, bitcoin, robots

Thoughts on digital vs. analog and robots vs. humans

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friday speedrun
Friday Speedrun

Iran, so far away

This has been a pretty boring week in macro. 3/10 do not recommend.

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am/FX

IEEPA and Iran

Short and sweet ‘cuz it’s Friday

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The Macro Trading Floor podcast

Catch up with Brent Donnelly and Macro Alf every week on The Macro Trading Floor. Listen as they discuss themes that are moving markets, highlight important trade ideas, and get to the bottom of what’s going on in macro.

“am/FX is a must read for everyone who wants to
understand global macro trading.”

John Mauldin, Chairman
Mauldin Economics

50 Trades in 50 Weeks

One year of good ideas, dumb mistakes, and timeless trading lessons over a wide range of topics like tactics, strategy, mindset, risk management, and of course the psychology of successful trading. Watch real trade ideas come to life in real time.

Professional skills for finance.

Tap into the wisdom of the most respected names in global markets. Connect theory to practice and advance your career.