This podcast episode explores the outlook for asset markets in the macro environment, with a focus on risk assets such as equities, fixed income, commodities, and currencies. The speakers emphasize the importance of considering the low visibility and uncertainty, particularly related to the upcoming US elections. They recommend navigating the market landscape by focusing on the triple C's of cheap optionality, convexity, and carry. The section also discusses the current market conditions for copper and gold, as well as the outlook for the US dollar. Overall, the speakers recommend overweighting global equities and spread products, equal weighting commodities, and underweighting cash, with a preference for European and Japanese equities.
