Andy (@dampedspring) on the real stories in macro: global rotation, fiscal tightening, and bond supply ↓ Don't miss the forest for the trees!

Fed, Treasury, and President move as one unless inflation’s a real threat. And right now, @dampedspring says it’s not ↓

The Fed has been soaking up duration, but if it stops buying long bonds, Treasury may have to term-in its debt ↓ @dampedspring

Has the fiscal train already stopped? @dampedspring thinks animal spirits are masking bad macro fundamentals ↓

🎙️NEW POD: Markets Haven’t Priced In The End of Fiscal Tailwinds We Discuss: 🔶 Entering a contractionary fiscal impulse 🔶 Why QRA threw cold water, not gasoline 🔶 Fed leadership vacuum & September pivot odds 🔶 Why long bonds still can’t catch a bid 🔶 Stablecoin myths & marginal buyers of T-bills @dampedspring @fejau_inc Links Below ↓

Everything you need to know about the current state of the labor market ↓

ICYMI: Will Market Euphoria Cool Off In August? We discuss: - The macro super bowl (FOMC, GDP, QRA, etc) - AI capex is the economy - Are we in stagflation? - Will market euphoria fade in August? - Strategy's Q2 earnings & more! Timestamps: 00:00 Introduction 01:56 Takeaways From Economic Data 08:51 AI Capex Is The Economy Now 11:09 VanEck Ad 11:53 AI Capex Is The Economy Now 17:46 Are We In Stagflation? 22:16 Will Market Euphoria Cool Off In August? 29:05 VanEck Ad 29:50 How To Navigate Stagflation? 38:12 Strategy’s Q2 Earnings @Tyler_Neville_ @qthomp @fejau_inc Links Below ↓

New episode is out now! @fejau_inc @Tyler_Neville_ @qthomp We discuss: - The macro super bowl (FOMC, GDP, QRA etc) - AI capex is the economy - Are we in stagflation? - Will market euphoria fade in August? - Strategy's Q2 earnings & more! Timestamps: 00:00 Introduction 01:56 Takeaways From Economic Data 08:51 AI Capex Is The Economy Now 11:09 VanEck Ad 11:53 AI Capex Is The Economy Now 17:46 Are We In Stagflation? 22:16 Will Market Euphoria Cool Off In August? 29:05 VanEck Ad 29:50 How To Navigate Stagflation? 38:12 Strategy’s Q2 Earnings Links Below ↓

Really enjoyed this post Fed meeting conversation earlier this week hosted by @fejau_inc from @forwardguidance with @FedGuy12 and @donnelly_brent.

New episode is out now! @fejau_inc @Tyler_Neville_ @qthomp We discuss: - The macro super bowl (FOMC, GDP, QRA etc) - AI capex is the economy - Are we in stagflation? - Will market euphoria fade in August? - Strategy's Q2 earnings & more! Links Below ↓