The Macro Dirt Podcast

Gold Overheating, Stocks in No Man's Land

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Apr 29, 2025
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ANECDOTE

Reggie's Legendary World Series Feat

  • Reggie Jackson hit three home runs on the first pitch in a single World Series game.
  • This extraordinary feat solidifies him as an all-time baseball GOAT in Jared Deez Nuts Dillian's book.
INSIGHT

Bonds Rally on Weak Data

  • A bleak Dallas Fed manufacturing report pushed bonds up, signaling weakening economy.
  • Jared expects bond yields to fall below 4.5%, indicating bond market bullishness.
INSIGHT

Stock Market Sentiment Squeeze

  • Current stock market resembles May 2008 when sentiment was extremely bearish.
  • Despite a bearish outlook six months ahead, stocks are likely to keep rallying short term due to sentiment squeeze.
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