The Macro Dirt Podcast Victory Laps and The Deleveraging Dilemma
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Nov 7, 2025 Tony and Jared delve into the latest market maneuvers, analyzing the pullback of gold and the slides in uranium and commodities. They discuss significant investment implications from tariff litigation risks and the evolving political landscape in New York City under Mayor Mamdani. A fascinating segment explores the impact of deleveraging on sectors like Bitcoin and precious metals. The hosts also reflect on personal health benefits from fasting, all while teasing an upcoming macro conference and making bold market predictions for the week ahead.
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Deleveraging Is Unwinding Leadership Trades
- Jared celebrated a big win on shorting DoorDash after earnings revealed rising CapEx and margin pressure.
- Tony and Jared see a broader deleveraging across equity leadership trades, notably rare earths and uranium.
Uranium's Blow-Off Top And Reversal
- Uranium and related miners showed blow-off tops and sharp reversals after headlines and deals drove spikes.
- Tony expects moving-average tests and significant liquidation as leverage exits those trades.
Watch Bitcoin For Leverage Expulsion
- Monitor Bitcoin for further deleveraging since recent failure at 125K invites more liquidation.
- Expect more leverage to exit risky commodity and tech leadership trades before stability returns.