The stances below are c8alpha's editorial distillation of Gabriela Santos's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Gabriela Santos is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.
2026-08-18
USTS
bullish
Bloomberg Open Interest · video
Long-end yield volatility is being driven by a term premium reset from surging government and corporate debt issuance plus reduced central bank forward guidance clarity, while the short end offers attractive yields with substantially less volatility
“focus on the short end of the curve instead”
Where Investors Can Hide From Shocks | Open Interest 8/18/2026
2026-08-18
long European Equities / long USTS / long GOLD / long CORE REAL ESTATE
basket
Bloomberg Open Interest · video
AI factor risk is now pervasive across US, EM, and Japanese equities, making European equities, treasuries, gold, and core real estate the rare diversifiers with uncorrelated return streams that can shelter portfolios during AI selloffs or geopolitical shocks
“areas to diversify away from that are few and far between but there are some”
Where Investors Can Hide From Shocks | Open Interest 8/18/2026
2026-05-28
CONSUMER STAPLES, CONSUMER DISCRETIONARY
bearish
Bloomberg Open Interest · video
Relief rallies in consumer sectors on Iran ceasefire headlines are tactical noise and should be faded because a structural floor in Brent near $95 persists even if the Strait of Hormuz reopens, given the cumulative supply deficit built over nearly three…
“We would fade those kind of tactical moves because there's just a higher floor to oil prices”
US, Iran Truce Hopes Lift Stocks | Open Interest 5/28/2026
2026-05-28
USTS
bullish
Bloomberg Open Interest · video
The front end of the US yield curve is pricing in a full Fed rate hike over the next 12 months, which is excessive given there is insufficient demand-side strength to justify a hike and the Fed is more likely to stay on hold, making front-end Treasuries an…
“it's still embedding a full rate hike over the next 12 months, and we think that's overdone and is actually an opportunity”
90d -0.3%
US, Iran Truce Hopes Lift Stocks | Open Interest 5/28/2026
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