The Next Big Trade

With sustained, blow-out household spending in the Eurozone, inflation can continue for longer than anticipated. Seamus Murphy, founder, and managing director of Carraighill joins Harry Melandri of MI2 Partners to discuss why European banks could outperform asset managers and private equity in this scenario. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Harry Melandri of MI2 Partners welcomes Osman Ozsan, CEO and CIO of Deuterium Capital Management, to explore the assets and sectors he's targeting, such as energy commodities, the yuan, the Hong Kong dollar, and AI tech. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Harry Melandri of MI2 Partners welcomes Tom Caddick, managing director at Nedgroup Investments, to explore why UK commercial real estate is an overlooked and particularly unique investment opportunity given the current macro backdrop. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Mish Schneider of MarketGauge.com and Harry Melandri of MI2 Partners are here to explore whether this market is paying attention to all the necessary factors. We'll dive deep into the setup that Mish thinks is the next big trade: gold. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Peter Brandt is the CEO of Factor LLC, a global trading firm he founded in 1980 that trades proprietary capital, forex, futures, fixed income, and equity markets. Brandt is widely recognized as one of the finest classical chartists in the world, and now he joins MI2 Partners' Harry Melandri to break down why all signs are pointing to a major move in gold in 2023. Brandt also shares why he's interested in Bitcoin and breaks down several eye-popping charts throughout the episode. Learn more about your ad choices. Visit podcastchoices.com/adchoices

It's already been a tough, strange 11 months for everyone – and 2022's not over yet. On a weekly interval basis, the S&P 500 has been in the red for more than 60% of the year. Treasuries have gone through multiple, nasty downturns and haven't exactly performed counter to traditional risk assets. How much longer will this bear last? Are there any signs of hope? Michael Gayed, portfolio manager at Tidal Investment Group and the publisher of The Lead-Lag Report, joins Harry Melandri to break it all down on another fascinating episode of The Next Big Trade.

Happy Thanksgiving to our American listeners. We have a special episode today focusing on how to get your portfolio prepared for 2023. What's most worth monitoring as we approach the new year? Harry Melandri identifies three critical issues shaping markets right now – and he previews the time-sensitive series “Don't Wait Until January" available to Real Vision subscribers now: https://www.realvision.com/shows/dont-wait-until-january. 

Dr. Komal Sri-Kumar founded macroeconomic consulting firm Sri-Kumar Global Strategies to advise multinational firms and sovereign wealth funds on risk and opportunity around the world. Sri joins Harry Melandri to explain why China's global ambitions represent a major macro risk and, at the same time, how emerging markets have never had more potential for growth.

Justin Huhn, the founder of Uranium Insider, joins Harry Melandri for a compelling conversation about the resurgence of nuclear as a baseload power option and rising demand for uranium in the latest episode of The Next Big Trade.

Luke Gromen, the founder and president of Forest for the Trees, is a highly respected voice in the global macroeconomic research community. Luke joins Harry Melandri to explain why he's long energy. He also talks about major shifts in global trade and volatility in the sovereign debt market on another captivating episode of The Next Big Trade.

Which economic indicator is the most reliable for confirming we're in a crisis? According to Verdad Capital founder and portfolio manager Dan Rasmussen, it's high-yield spreads. Identifying the key relationships across the globe isn't hard. Formulating an approach that surfaces alpha when spreads spike is where it gets difficult. Per Rasmussen, the best way to act in such environments is through small-value equities. Rasmussen explains why it makes sense and how to time the trade in a captivating episode of The Next Big Trade.

On this week's special episode of The Next Big Trade, we draw from Harry Melandri's appearance on My Life in 4 Trades, Real Vision's uniquely introspective podcast where the brightest minds in finance share the two best and two worst trades of their careers. Here, Harry shares with Maggie Lake remarkable stories from his time at UBS, Deutsche Bank, and the Bank of England, highlighting the lessons he's learned along the way.

Warren Mosler, an American economist and entrepreneur, is perhaps the leading proponent of Modern Monetary Theory (MMT). But what is MMT? And how can it help us understand what's happening at a macro level right now? Mosler explains it all to Harry Melandri on another riveting episode of The Next Big Trade.

In Jeff Booth's eyes, money is just information, and we desire the feeling we get when we have more of it. It's also why, according to Booth, that money is being manipulated by central banks at an unprecedented rate to avoid a collapse in the credit system. So, how do we make things better? There is no perfect solution. But Booth sees a clear favorite, capable of delivering inordinate societal value. The popular author and serial entrepreneur joins Harry Melandri to talk about Bitcoin's potential – noting that network effects are only making the world's No. 1 cryptocurrency stronger over time.

Cheap valuations, realistic catalysts for earnings growth, and a relatively young, educated population have Maciej Wojtal feeling very bullish on Iran and its economy. Wojtal, the founder and chief investment officer of Amtelon Capital, joins Harry Melandri to explain his optimism about a nuclear deal and to make the investment case for Iranian stocks and the Iranian rial.

For the past 45 years, Rick Rule has been investing and speculating in the natural resource industry for nearly half a century. The president and CEO of Rule Investment Media and the chair of Equinox Gold joins Harry Melandri to talk about why he's turning his focus to uranium. In short, Rick is taking a long view on a resource that could help solve what will soon be a global energy crisis.

Warren Pies is overweight energy for multiple reasons. The founder of 3Fourteen Research joins Harry Melandri to make the bullish case for everything related to hydrocarbon extraction, production, and delivery to market, citing years of poor management and negative cash flow as the primary reasons the sector was discounted. Warren explains why high-quality energy stocks should have a place in any long-term portfolio – and he notes that some housing exposure might be a good idea right now too.

Marin Katusa has made a fortune investing in natural resources. He's also arranged more than $2 billion in deal financing in the sector and written the New York Times best-seller book “The Colder War” and the Amazon.com best-seller “The Rise of America.” In this fascinating episode of The Next Big Trade, Marin explains to Harry Melandri why the rule of law in relevant jurisdictions is critical for successful natural resource investing and identifies the uranium, carbon, and gold companies in which he's invested. ** Transparency is of utmost importance to Real Vision and as such the disclosure from today guest, Marin Katusa, includes his position as co-chair of the board of directors of Carbon Royalty Corp. He's also one of the largest individual shareholders of Carbon Streaming Corp ($OFSTF). Marin arranged financing for and is a shareholder of Uranium Royalty Corp ($UROY). He's a shareholder of Uranium Energy Corp ($UEC). He's a large shareholder of Osisko Development Corp ($ODV), and his wife sits on the Osisko Development board of directors.**

We had so much great content from our episode with Alex Gurevich we had to release it into two parts. In this installment, Alex establishes his meta rules for trading and explains his current views on foreign exchange and global equities markets.

On this riveting episode of The Next Big Trade, Alex Gurevich, the founder and chief investment officer of HonTe Investments, joins host Harry Melandri to explain how he's playing the long game and why max-duration bonds are his vehicle of choice to ride out prevailing macroeconomic and geopolitical crosswinds and a potential global downturn.

Aksel Kibar, the managing director of Tech Charts Research & Trading, is a Chartered Market Technician with more than 15 years of experience as a classical trader and global equity market analyst. Aksel joins Harry Melandri for this week's episode of The Next Big Trade to talk about the power of technical analysis and how reading charts can help you find your next big trade.

Jeff Snider, the chief strategist at Atlas Financial and the co-host of the Eurodollar University podcast, joins Harry Melandri to talk about the “grotesquely upside down” Eurodollar futures curve in another gripping episode of The Next Big Trade. Jeff and Harry also discuss the implications of a rising U.S. dollar and the consequences of a collateral shortage for the global financial system.

Lawson Steele, one of the most respected analysts of carbon trading and EU Emissions Trading System markets, joins Harry Melandri to talk about the effect of Russia's invasion of Ukraine on European energy supply and demand, sharing an informed perspective on the short-, medium-, and long-term future for the political and economic union.

Rob Dugger, the founder of Hanover Investment Group and a co-founder of ReadyNation, joins host Harry Melandri for a special episode of The Next Big Trade. Rob shares his thoughts on how inequality has created malinvestment in the U.S. and why investing in infrastructure and national security could help the economy regain strength and stability.

On this week's jam-packed episode of The Next Big Trade, Doomberg, a Substack star and a low-key FinTwit legend, and Michael Kao, the CIO of the Kao Family Office, join Harry Melandri to talk about everything happening across crude oil, natural gas, and other key energy markets. Doomberg, Michael, and Harry survey the current landscape, ponder what's on the horizon, and debate solutions to a developing global energy crisis.

Shawn Hackett is the president of Hackett Financial Advisors, a firm that helps investors and hedgers (most notably farmers but end-users too) make better decisions when they get involved in agricultural commodities markets. Shawn joins Harry Melandri to talk about how weather patterns figure into commodity price forecasting, what impact current geopolitical factors could have on those prices, why we could face a cattle shortage, and much more.

Quantum Fund and Soros Fund Management co-founder Jim Rogers joins Harry Melandri for a special episode of The Next Big Trade. Rogers, discussing the possibility of a bear market, notes that he doesn't have much confidence in the Federal Reserve. He also explains why he sees a lot of value in precious metals and agricultural commodities.

Realtor Steve Saretsky is the author of one of Vancouver's most popular real estate blogs. Steve joins Harry Melandri to talk about everything to do with Canada's housing market. He's bearish because mortgage rates are rising rapidly while consumer debt levels are already very high. Vancouver, Toronto, and other major Canadian markets have been red-hot for years. But people in those markets are now highly leveraged. Steve sorts through the implications and forecasts what's next for housing in Canada.

When the Fed hiked interest rates on June 13th to levels not seen since before the onset of the Covid-19 Pandemic, Egon Von Greyerz was more wary than usual. As the Founder and Managing Partner of Matterhorn Asset Management, he is no stranger to these sorts of fluctuations, but something about this particular rate hike seems different. He joins Harry Melandri to discuss the impending changes, the best way to measure returns, and why currency is not the way to go.

The U.S. housing market boomed during the COVID-19 pandemic. Demand surged, as low interest rates fed a desire to find more space. What happens now, with the average 30-year mortgage rate up to 5.5% from 3.0% at the beginning of 2022? Nick Halaris of Metros Capital believes the market will remain resilient, and he explains why in a fascinating episode of The Next Big Trade.

Paul Hodges of The pH Report and New Normal Consulting joins Harry Melandri for a fascinating conversation on global macro. Hodges believes investors must stop paying attention to every move the Federal Reserve makes and must start paying attention to the fundamentals of equity analysis again.

As a special bonus from Real Vision's original series The Next Big Trade, author and comedian Dominic Frisby shares the best trades he's made throughout his career. Be sure to subscribe.

Dominic Frisby is a British author, comedian, and voice actor. He is best known as co-host of the television program Money Pit. He joins Harry Melandri to explain why tin is in the middle of an extraordinary bull market and outlines potential opportunities for investors.

Perth Tolle is the Founder of Life + Liberty Indexes. She joins Harry Melandri to detail why emerging markets with limited regulation will perform more sustainably than emerging markets with heavier governmental control. She explains the variables that go into Life + Liberty's allocation strategy (“freedom weighting”) and also touches on global macro.

One of the biggest names in global macro, David Rosenberg, joins Harry Melandri to talk about the possible return of deflation, global supply chain issues, and what the next 12 months could look like. For more on the series, visit The Next Big Trade

Tavi Costa of Crescat Capital LLC, joins Harry Melandri to discuss his bullish case for precious metal mining, particularly in the exploration part of the industry. For more on the series, visit The Next Big Trade

Lawson Steele is one of the most highly respected analysts in the carbon markets. Lawson has covered the utilities sector as an equity analyst for 34 years, achieving number one rankings going back to 1992. He joins Harry to discuss his illustrious career path and the future of carbon markets. For more on the series, visit The Next Big Trade

Ross Gerber is the Co-Founder, President, and CEO of Gerber Kawasaki Wealth and Investment Management. Ross and his team oversee $2.2 billion of investments focused on technology, clean energy and transportation, and more. Ross joins Harry to break down why he believes Tesla has so much room for growth. For more on the series, visit The Next Big Trade

Real Vision Co-Founder and CEO, Raoul Pal, joins Harry on the debut episode of The Next Big Trade to discuss his unique financial journey, potential opportunities in US bond markets, and much more. For more on the series, visit The Next Big Trade

The Next Big Trade is a weekly podcast forecasting future trends in macro and digital markets. Every week we talk to the biggest names in finance to see what they're targeting as their next big buy. For more on the series, visit The Next Big Trade