Maggie Lake Talking Markets Episode 111: Will This Be A December To Remember? With Tony Greer.
21 snips
Dec 1, 2025 
Tony Greer, Editor of The Navigator and co-host of Macro Dirt, dives into the current market jitters with Maggie Lake. He discusses the potential for a December rally despite pressure on tech stocks and crypto. Silver's breakout above $55 is a key highlight, positioning it at the forefront of a renewed bull market. Greer also examines the shift of money from tech to commodities and the significant role of retail trading. Additionally, he shares insights on upcoming speakers at the TG Macro Conference in Nashville.
AI Snips
Chapters
Transcript
Episode notes
Retail Flows Rescued The S&P
- November saw massive de-risking in Bitcoin while retail bought $900bn into stocks, rescuing the S&P from a 5% drawdown.
- That shift produced new leadership (gold miners, healthcare, solar, airlines) and shows rotation beneath headline indexes.
Silver Breakout Signals Commodity Leadership
- Silver broke out to a new all-time high above $55 and miners led performance, signaling a commodity-led leadership shift.
- Strength in metals and miners suggests those bull markets remain intact even as tech lagged.
Don't Fade Retail Buyers
- Do not assume retail buying is 'dumb money' and fade it; Tony warns retail is now a durable buyer soaking up selling.
- Positioning should respect retail flows rather than treat them as a contrarian signal.