In this Macro Minute, Darius Dale examines which asset class the Trump administration is implicitly encouraging investors to favor. He highlights the OECD's sharply downgraded 2025 growth and inflation forecasts—now well embedded in consensus—and argues that betting on these projections will likely leave investors behind. Instead, Dale urges a shift in focus toward the administration’s actual policy trajectory: reflating growth to de-lever the public balance sheet, a cornerstone of Paradigm C. That path supports equities, credit, and Bitcoin, while proving bearish for bonds and the U.S. dollar. He underscores how misguided shorting risk assets can be for retail investors, arguing for a disciplined, long-only approach backed by 42 Macro’s risk-managed KISS framework.
The Macro Minute with Darius Dale