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ARM Ascends, Oil Drifts, Queens Endures
I open on macro static and shutdown fog, a strange steadiness where the market beat goes on. The Beige Book whispers fractures, three Fed district…
Published on 2 weeks, 3 days ago
Season 1 Episode 12
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A market meditation disguised as weather report, part Fear and Loathing, part BBC Shipping Forecast.
Markets drift in a haze of caution and theatrical boredom.
Bankers profit without jo…
Published on 2 weeks, 4 days ago
Season 1 Episode 11
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The Day Silver Spoke and AI Went Industrial
The age of abundance is over: compute, energy, and silver say so.
Acid Breath Daily is Hugh Hendry’s financial freak show : a daily dive into m…
Published on 2 weeks, 5 days ago
Season 1 Episode 10
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Today’s Acid Breath is a descent into the machinery behind the market’s tremor.
Tariffs ignite, rare earths reveal their dirty chemistry, and America’s clean hands look suspiciously lik…
Published on 3 weeks, 1 day ago
Season 1 Episode 9
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Shadowlight
A new inflation priesthood grabbed the pulpit. With officials offstage, a retail outfit called OpenBrand dropped a fresh CPI and the press sang hymns.
I torch the cosplay, the…
Published on 3 weeks, 2 days ago
Season 1 Episode 8
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Day eight of the shutdown, no data, no scoreboard, just thunder over St Barts and my voice in the dark.
The Philly Fed whispers life and the Fed’s month-old minutes somehow steal the sh…
Published on 3 weeks, 3 days ago
Season 1 Episode 7
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Acid Breath - Kobayashi Test - 7 October 2025
Government shut, data feed dead, and the market is whispering its sins. I open today’s Acid Breath by reading price as confession, not scrip…
Published on 3 weeks, 4 days ago
Season 1 Episode 6
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PTJ brings signal, Takaichi tilts pro growth and the tape points higher
Acid Breath is the market show that slaps you awake.
Government went dark; price turned the lights on.
Paul Tudor …
Published on 3 weeks, 5 days ago
Season 1 Episode 5
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What Is Acid Breath?
A nightly macro riff that turns the day’s markets and data into signal. Quirky, erudite, fast. We entertain, then arm you to trade like an adult.
Fly Blind, See Clear…
Published on 4 weeks, 1 day ago
Season 1 Episode 5
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Support the show
⬇️ Subscribe on Patreon or Substack for full episodes ⬇️
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Published on 4 weeks, 2 days ago
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