Dean is looking at shorting the Nasdaq 100 ETF ($QQQ) by using a "butterfly" spread. He wants to fade a Fed pivot (he wants to bet against the consensus that the Fed will reverse course and loosen policy) by shorting duration-sensitive equities such as those in the Nasdaq. 
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DAS
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Timestamps: 
(00:00) Introduction 
(00:18) Understanding The Fed's Meeting
(06:27) Top Stories Of The Week
(10:28) DAS NYC
(12:14) Feature Interview with Dean Curnutt
(17:20) Demand Destruction
(22:50) Why Is Implied Volatility So Low?
(36:14) The Macro Trade: The NASDAQ Butterfly
(41:51) What If The Trade Is Wrong?
(51:12) Post Interview: Final Thoughts
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Disclaimer: Nothing discussed on The Macro Trading Floor should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.