Macro is back: In 2023, animal spirits are biting on the leash

A presentation as part of the 50th Anniversary of the CMT Association’s Annual Symposium in New York City.

Over the last few years, macro trading has returned with a vengeance and there is little evidence to suggest this changes anytime soon. Paul Ciana, Managing Director of Research at BofA Securities, will discuss his macro technical outlook for 2023 and beyond. He will focus on the Foreign exchange, Interest rate, Commodity and Credit (FICC) markets. He’ll also review what important intermarket relationships are saying about risk appetite and equity markets, technical links to economic data, quantifying some of our technical approaches and a few lessons learned in the last (almost) twenty years in markets.