This week, Felix and Tyler unpack the unraveling Trump–Elon alliance as a microcosm of fiscal denial, explore the slow death of austerity, and discuss why endless debt and political gridlock may actually be bullish. They dive deep into the brewing housing market crack, the quiet rise of crypto IPOs like Circle, and the generational shift from TradFi despair to crypto optimism. Plus, reflections on Larry Fink’s globalization rebrand, market structure flows holding up equities, and more. Enjoy!

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Weekly Roundup Charts: https://drive.google.com/file/d/1badYX4f8iXwp3_nN7zm_hu0dVINu80QF/view?usp=drive_link

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Timestamps:

(00:00) Introduction

(02:43) The Narrative Market

(03:49) Austerity Isn’t Happening

(06:27) Fed Easing, Jobs Data & Liquidity

(10:57) Ads (Blockdaemon, Aptos, Arkham, Milk Road)

(13:09) Inflation & Stagflation Threat

(15:23) Housing Market

(21:08) Crypto Boom Time

(25:34) Crypto Is Changing

(29:07) Ads (Blockdaemon, Aptos, Arkham)

(31:31) BTC ETF Holders

(32:49) Saylor & Crypto Treasury Companies

(34:46) 2nd Draft of Globalization

(40:25) Chamath & The New Media

(44:09) Everything Will Change

(47:23) Market Structure

(52:23) Flows vs Fundamentals

(55:23) 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.

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