This week, we discuss how we managed this insane week in markets, China and the evolving tariff strategy, and what’s going on with the bond market. We also delve into our expectations from the Fed, Secretary Bessent orchestrating policy behind the scenes, Bitcoin hitting ATHs in 2025, and more. Enjoy!

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Weekly Roundup Charts: https://drive.google.com/file/d/1cAWJKncxGgliZa54aTq08eCgn9Q-P8x1/view?usp=sharing

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Join us at Permissionless IV June 24th - 26th. Use code FG10 for 10% OFF! https://blockworks.co/event/permissionless-iv

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At Ondo, we design institutional-grade platforms, assets, and infrastructure to bring financial markets onchain. We believe that combining the best of TradFi with the best of DeFi will dramatically improve our financial system—making it fairer, faster, and more accessible to all.

Learn more about how Ondo is bringing capital markets onchain at https://ondo.finance/

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Timestamps:

(00:00) Introduction

(00:39) PMLS IV

(02:02) Navigating This Insane Market

(07:32) Key Market Drivers

(12:22) Ondo Ad

(12:48) China & Tariffs

(16:31) US Spending Problem

(20:33) Bond Market

(24:12) The Fed & Inflation

(29:40) Powell, Bessent & Fiscal

(32:39) Ondo Ad

(33:10) Navigating A Volatile Market

(38:55) Secretary Bessent Running Point

(42:50) Alternative Trade Restructuring Strategies

(48:59) Unpacking the Bond Market Put

(52:47) BTC ATHs in 2025

(56:02) Market Tailwinds

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

RERUN: Kristen Schaal