Brent Donnelly on the Fed, Inflation, and Why 2% No Longer Matters
In this episode of Excess Returns, we sit down with Brent Donnelly, veteran trader, author, and president of Spectra Markets, to dive deep into macro markets, trading philosophy, the role of the Fed, and how AI is changing the way traders operate. Brent shares insights from his decades in FX and macro trading, his flexible approach to positioning, and the lessons he’s learned about risk management, narratives, and humility in markets.
Topics Covered:
Why the Fed is becoming more political and what that means for markets
The “re-acceleration that wasn’t” and lessons from quickly abandoning…
The skinny
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