Contingent Macro is a high-end research house in the San Francisco Bay area, focused mostly on bonds and currencies but a few other trades here and there. T.J. Connelly graciously allowed me to post this issue. I am NOT suggesting any of the trades specifically but find the material interesting and enjoy the "taking a macro view" and putting it into actual trades. This might be technical for some of you, but it will give you an idea of how some of the larger macro traders work.