In this episode, David Cervantes from Pinebrook Capital breaks down 2025’s shifting macro landscape, covering fiscal stimulus, inflation, Fed policy, and market positioning. He highlights strong US deficits supporting growth, labor market shifts from immigration, and the chances of a June rate cut. He compares US vs. global equities, fixed income challenges, gold’s role, and small caps’ struggles with sector-specific opportunities. Enjoy!
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Timestamps:
(00:00) Introduction
(01:34) YTD Macro Recap
(06:13) The Big Macro Picture
(11:29) Ads (Blockdaemon, Arkham, Ledger, Aptos)
(13:57) Rate Hike Dilemma
(15:57) Tuning Out the Noise
(18:10) Labor Market
(22:59) Fed Policy Reaction
(29:07) Growth Outlook
(31:20) Ads (Blockdaemon, Arkham, Ledger, Aptos)
(34:30) Structural Bid to Assets
(37:36) US vs ROW
(45:20) Fixed Income Outlook
(47:42) Gold Outlook
(48:39) Small Caps vs Large Caps
(55:12) Final Thoughts
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Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.
