CMR Interviews - Christian Siva-Jothy: Macro Trader (Citibank, Goldman Sachs, Semper Macro)
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- เผยแพร่เมื่อ 1 ต.ค. 2024
- Jason Shapiro interviews Christian Siva-Jothy who is a veteran #macro #trader with over 30 years of experience. Christian has an impressive resume where he started at Citibank (1987 - 1991) as Forward #forex trader, short-dated cable & proprietary Interest rate trader. Then he went on to Goldman Sachs ( 1991 - 2005) as Partner, Global Head of Proprietary Trading, FICC, (1995), Pre IPO Partner 1998. His last stop before he started to trade his own money was Semper Macro (2005 - 2010) as Managing Partner & Owner of the hedge fund with over $1.25 billion in AUM. Now he runs CSJ Capital (2011 - present) which is a Family Office and he trades my own money).
Jason and Christian discuss lessons learned from years of experience, the current state of the markets and why they might be in trouble. Christian thinks his generation is the lucky one as he is unsure about the future of the markets which the continued printing of money supply and now with interest rates higher than they have been in a while.
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macros for show, price action's for dough ... Few.
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult...
I'm in a similar situation where should I look to increase income? Do you have any advice? What did you do ? Thank you
Well I engage in nice side hustles like inves'ting, and the good thing is I do it with one one of the best(Ricky wen), he's really good!
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I've been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Ricky Wen demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
Good effort trying to pull some concrete comments from a guy who just wanted to shadow box.
This was a cool episode!
Where I live, it’s 17 times income to own a house. These guys are talking about 7 times…
Excellent interview. Love hearing from the traders with decades of experience.
I have no idea what he’s trying to say
"It's much easier to bullshit at the macro-level than it is to bullshit at the micro-level."
@nntaleb
Jason, it's a pity one ep wasted on a doomer keeps sticking to the false bear thesis which has been dead wrong for ages........ he is not focusing in making money
this was priceless, excellent, like eavesdropping on 2 shaolin masters, thanks gents
Don't think he has a specific strategy, find it hard to believe he makes money in financial markets not being employed by an institution
Like Chriatian's comment earlier about choosing right way to express a macro trade, in that case number of rate cuts. Trade on rates not the market.
J’adore Jason “I’m no economist but i play one on YT” 😂
Amazing interview. You are getting impressive guests Jason. Thank you
Is this interview 4 month old 👵 🙄
why don't these 'smart' people figure out their video and get a $12 light?
52:53 is the money shot.
Right. Weakening dollar, increasing interest rates.
I'd add (Northstar's) Gold/SPX > 0.5
Agreed. It is the only golden nugget I fished from this conversation (which was a bit all over the place), but this one made me think!
Can you bring Christian again to talk about his trading psychology and set ups and how he adapted on to today's market. Thanks 😊
There wasn't enough of that talk. Jason was distracted by his phone much of the time. If the host can't pay attention, how can the audience?
@@LinusMuse He must of been busy placing trades and getting stopped out on a mobile trading app lol
@@badrulhussain5545 😆
Always put stops kids, don't get into a losing position, which only gets deeper every day.
great talk thanks jason
great interview thanks
great stuff
thank you
Thank you Jason & Thanks to the guy/s in the background 💛
ROFL, two bears walk into a bar...Don't get me wrong, I think the economy is totally ruined. But unlike the two smart people in the video who know better, I acted upon this belief and let's just say it wasn't pretty. So yeah, great conversation, I really liked the comparison between trading and drugs. In the ned, apparently some people find how to make money, others don't and that's ok.
Have multiple ways to make money.
Position and longer term. Day trading/futures. Options, delta neutral or selling spreads
I think you can love trading by loving the analytical side of trading. Just like understanding macro data and using this data to put out a trade and hopefully make money from it. Understanding the markets is interesting and fun way to make money. You can trade like your gambling or you can trade like your a professional and understand macros and fundamentals and price action. Trading is not that much different than selling cars for a living or houses. You can buy a car and not do you due diligence and it can be a 50/50 same with trading .
Wow... Some candid comments here. Hats off chaps
Was the quote on the thumbnail ever actually said?
Rates. Trade spread in the futures market.
Please show some examples of your trades🙏🙏 I think many people would like that.
Mentioned a couple in today's market recap video
You guys know when the End of the World scenario where the dollar is down and rates are up could happen? When China moves on Taiwan and US fails to act.
Dollar is interested in one thing -- treasury yield. If China moves on Taiwan, dollar will rise as well as gold.
thanks 👍
What’s the symbol to keep track of the dollar? The USDX? Sorry, rookie question.
@@leogomez1077 US Dollar Index Futures is DX
@@crowdedmarketreport Thank you. Your channel is like a golden needle in a haystack by the way.
DXY
Useful info here, Jayson, would you say that trading is a game? if so , which other game or games it resembles the most, chess, monopoly, pocker etc? thanks.
Russian roulette
blackjack
@@silverlight2004db 🤣
Learn by Losing, I can buy into that
I grow some foods to supplement, the money i save goes to the Ponzi 100%. 😁😅🤣
I agree, inflation is always a problem. If you time travel back go 90' you are telling them hamburger meal is 20 dollars, they would insane to think the future people paying that much money for a burger. That is crazy
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