Episode Details

This episode dives into key macro questions amid tariff uncertainty, fiscal policy risks, and shifting market regimes. It examines whether bulls should persist despite heightened volatility, explores quantitative signals across stocks, bonds, and commodities, and discusses the strategic tilts toward AI-favored sectors versus assets vulnerable to fiscal tightening. The conversation also covers market regime shifts, potential liquidity tightening, and a client question on the impact of significant spending cuts on the labor market and Fed policy.