Market Leadership

Strategist Coffee Break: Shock and Reversion

Jul. 21, 2023

Guest: Mark McCormick, Global Head of FX and EM Strategy, TD Securities

Host: Sharon Kim, Regional Head of Europe, TD Securities

This year has seen surprisingly persistent inflation push policy rates toward pre-financial-crisis highs and the first signs of real pain following the string of bank failures last spring. Despite this uncertainty, the TD Securities Global Strategy team continued to beat consensus with its forecasts and profitably navigate the markets.

In this Special Edition Strategist Coffee Break, Mark McCormick, Head of FX & EM Strategy, sits down with our host, Sharon Kim, Executive Managing Director and Region Head of Europe, to discuss his team's recent successes including last year's outstanding factor portfolio performance. They also review what's to come for FX markets through the rest of this year as the markets shift from focusing primarily on inflation towards growth.

Mark's experience in financial markets has led to a deep knowledge of global markets and international affairs, combining the use of econometrics, policy insight and fundamental/technical analysis. He developed a novel analytical framework to generate insightful market analysis and actionable trade ideas allowing his team to approach currency coverage in a methodical way.

This episode was recorded on July 10, 2023.

Disclaimer

This clip should not be copied, distributed, published or reproduced, in whole or in part. The information contained in this clip was obtained from publicly available sources, has not been independently verified by TD Securities, may not be current, and TD Securities has no obligation to provide any updates or changes. All price references and market forecasts are as of the date of clip. The views and opinions expressed in this clip are not necessarily those of TD Securities and may differ from the views and opinions of other departments or divisions of TD Securities and its affiliates. TD Securities is not providing any financial, economic, legal, accounting, or tax advice or recommendations in this clip. The information contained in this clip does not constitute investment advice or an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. Neither TD Securities nor any of its affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the statements or any information contained in this clip and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed.

Mark McCormick
Global Head of FX and EM Strategy, TD Securities

Biography

Mark covers the major FX markets and helped develop the analytical framework used for market analysis, forecasts and trade ideas across different asset classes. Before joining TD Securities in 2016, he worked as a Global Macro Strategist at Credit Agricole Corporate and Investment Bank in New York. He was responsible for covering G10 and Emerging Markets currencies in the Americas. Previous to that he was a G10 Currency Strategist at Brown Brothers Harriman.

Sharon Kim
Executive Managing Director and Region Head of Europe, TD Securities

Biography

As Region Head of Europe for TD Securities, Sharon is charged with setting the strategic direction for both the UK and the European continent. She is responsible for oversight of all regional operations and risk management, fostering effective relationships with regulators. Sharon also serves as Co-Chair on our ESG Solutions team. Sharon brings over 25 years of industry experience. Since joining TD Securities in 2006, she has held increasingly senior roles and has served as Co-Head of Global Foreign Exchange and is well accustomed to managing teams of specialists spanning TD Securities’ global footprint. She has a track record of turning around seemingly mature businesses through technology and innovation, raising the profile of the product across the broader organization.

Banking crisis

Foreign Exchange

FX Strategy

Market Leadership

Strategist Coffee Break: Shock and Reversion

Disclaimer

Biography

Biography

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