Vincent Deluard is a prolific market commentator frequently quoted and interviewed in various financial publications, including Real Vision, the Wall Street Journal, Forbes, and Bloomberg. He is also an Adjunct Professor of Finance at Saint Mary’s College of California. Prior to joining StoneX, Vincent served as Europe Strategist for Ned Davis Research where he authored weekly publications on European markets and designed proprietary trading models that combined fundamental, technical, and macro indicators to identify major investment themes and market trends.
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Episode 432
Vincent Deluard
Investing in a World of Permanent Stimulus | Vincent Deluard
Vincent Deluard is a prolific market commentator frequently quoted and interviewed in various financial publications, including Real Vision, the Wall Street Journal, Forbes, and Bloomberg. He is also an Adjunct Professor of Finance at Saint Mary’s College of California. Prior to joining StoneX, Vincent served as Europe Strategist for Ned Davis Research where he authored weekly publications on European markets and designed proprietary trading models that combined fundamental, technical, and macro indicators to identify major investment themes and market trends.
In Episode 432 of Hidden Forces, Demetri Kofinas speaks with Vincent Deluard, Director of Global Macro Strategy at StoneX Group, where he advises large institutional investors on asset allocation, economic forecasting, and quantitative modeling informed by historical patterns and structural economic analysis.
Vincent Deluard and Demetri spend the first hour of their conversation exploring Deluard’s macroeconomic framework and the key structural forces that he believes are shaping the emergence of a new macro regime of fiscal dominance, including shifting demographics, politically driven inflation, geopolitical fragmentation, and the decline of institutional trust. The two discuss his provocative thesis that recessions have been “canceled,” examining the structural and technological forces that Vincent believes are reducing economic cyclicality and reshaping the role of monetary and fiscal policy.
In the second hour, Vincent Deluard delves much deeper into his specific investment theses, including his call for an Asia “reverse currency crisis,” his long-term outlook for the U.S. dollar, and an Asian-driven oil demand shock that could rile markets and challenge the ability of monetary authorities to balance their mandates of maintaining price stability while also supporting economic growth and maximum employment. Vincent also shares his suggestions on how to construct a “fiscal dominance” portfolio, including which asset classes he believes will outperform under the new macroeconomic conditions that they discuss in their conversation and how investors can best manage risk and reward in this new paradigm.
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VincentDeluard is a prolific market commentator frequently quoted and interviewed in various financial publications, including Real Vision, the Wall Street Journal, Forbes, and Bloomberg. He is also an Adjunct Professor of Finance at Saint Mary’s College of California. Prior to joining StoneX, Vincent served as Europe Strategist for Ned Davis Research where he authored weekly publications on European markets and designed proprietary trading models that combined fundamental, technical, and macro indicators to identify major investment themes and market trends.
Demetri Kofinas is a media entrepreneur and financial analyst whose mission is to help uncover the hidden forces and pivotal patterns shaping our lives. His contrarian perspective and critical-thinking approach has helped hundreds of thousands of people make smarter, informed decisions. This same methodology has helped guide Demetri’s decision-making as an early-stage investor and as a creator of several innovative media properties and live events.
Demetri Kofinas is a media entrepreneur and financial analyst whose mission is to help uncover the hidden forces and pivotal patterns shaping our lives. His contrarian perspective and critical-thinking approach has helped hundreds of thousands of people make smarter, informed decisions. This same methodology has helped guide Demetri’s decision-making as an early-stage investor and as a creator of several innovative media properties and live events.
Demetri Kofinas is a media entrepreneur and financial analyst whose mission is to help uncover the hidden forces and pivotal patterns shaping our lives. His contrarian perspective and critical-thinking approach has helped hundreds of thousands of people make smarter, informed decisions. This same methodology has helped guide Demetri’s decision-making as an early-stage investor and as a creator of several innovative media properties and live events.
Demetri Kofinas is a media entrepreneur and financial analyst whose mission is to help uncover the hidden forces and pivotal patterns shaping our lives. His contrarian perspective and critical-thinking approach has helped hundreds of thousands of people make smarter, informed decisions. This same methodology has helped guide Demetri’s decision-making as an early-stage investor and as a creator of several innovative media properties and live events.
Demetri Kofinas is a media entrepreneur and financial analyst whose mission is to help uncover the hidden forces and pivotal patterns shaping our lives. His contrarian perspective and critical-thinking approach has helped hundreds of thousands of people make smarter, informed decisions. This same methodology has helped guide Demetri’s decision-making as an early-stage investor and as a creator of several innovative media properties and live events.
