This podcast examines the contrasting views on monetary policy between President Trump and Fed Chair Powell, ultimately endorsing Powell’s cautious strategy. The discussion covers a detailed macro outlook, including the current deflation regime, and highlights the importance of defensive portfolio construction. It reviews quantitative signals that underscore a risk-off environment and assesses potential risks like rising inflation expectations and geopolitical tensions. The episode also debunks claims of stealth QE, urging investors to remain vigilant against misleading market narratives.
