In this episode, Warren Pies joins the show to discuss his outlook for 2025, his view of the housing market, and why he thinks inflation fears are overblown. We also delve into equity valuations, the long bond trade, and much more. Enjoy!

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Timestamps:

(00:00) Introduction

(02:20) 2025 Outlook

(05:50) Economic Tensions & The Bond Market

(11:21) Fed Terminal Rate & Restrictiveness

(16:29) Housing Market & Employment

(23:43) Impact Of LA Fires

(26:48) Ads

(28:45) December SEP

(32:25) Rate Cut Expectations

(34:56) Inflation Overview

(39:50) Debating Case For Sticky Inflation

(43:12) Equity Valuations

(50:19) Growth Vs Value

(52:59) Long Bond Trade

(56:23) Commodities Outlook

(57:41) Learn More About Warren’s Work

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.