The Massive Bond Short | “Recession Denier” Jonny Matthews (ex-Brevan Howard) On The Duration Bubble, Correlation Trades, and Variance Swaps

<p>Jonny Matthews, founder of Super Macro and former portfolio manager at Brevan Howard and managing director at Citi & Saloman Brothers, joins Forward Guidance to share his view on markets and the economy. Having netted a near 100% return in 2022 with a very large short in Treasury bonds, Matthews has been a proud “recession denier” for several years. While he is now concerned with some worrisome data in the U.S., Matthews continues to believe that an imminent recession in the U.S. is unlikely. </p><p><br></p><p>Matthews and Farley also discuss the dangers of correlation trades, the chal...