The Macro Trading Floor
The Macro Trading Floor is a fun and actionable macro and markets podcast hosted by Alfonso Peccatiello and Brent Donnelly. If you are looking for banter, financial education, and actionable trade ideas this is the podcast for you!
Total Ideas
1
With Returns
0
All Ideas (1)
1 Total
Short Canada Trade via CIBC and CAD Exposure
"I think Canada is a market to watch... there’s going to be a short Canada trade coming like soon... the poster child for Canadian leverage on the banking side is generally CIBC. So, uh, and actually it had a really nice outside day today. So like shorting CIBC or shorting the Canadian dollar against whatever short CAD yen, long dollar CAD, whatever, all those things I think might make sense as the market hasn’t really woken up to the pretty weak data in Canada."
— Alfonso Peccatiello
Based on deteriorating economic data in Canada--with rising unemployment (jumping from around 5% to 7.1%), negative GDP and weakened housing metrics--the speaker is signaling an actionable trade opportunity. The recommendation is to take a short position on Canadian financial exposure, such as shorting CIBC or engaging in CAD/USD trades (e.g., shorting CAD against the yen or longing the USD against CAD) as a reaction to structural vulnerabilities in the Canadian market.
Market ContextBearish
High ConvictionScore: 7.4
Stock Idea •The Macro Trading Floor • about 2 months ago