Warren Pies and Andreas Steno Larsen discuss inflation, Fed policy, construction cycle, commodities markets, U.S. Dollar, risk assets, and potential Fed rate cuts. They analyze the impact of housing inflation, market rotations, construction cycle on real estate, oil market dynamics, and Federal Reserve rate cuts on equity markets.

On today's episode of "The Macro Trading Floor," Andreas and Alfonso look back at 2022, before sharing their global macro outlook for 2023. Reflecting on the best trades of the year, Andreas and Alfonso remember the greatest trades put forward by our guests in 2022. Turning to 2023, just how will the events of 2022 shape the global macro picture? We dive into the equity market outlook, what the liquidity cycle is telling us and finally, Andreas and Alfonso share their actionable trade ideas. To hear all this and more, you'll have to tune in! -- Follow Andreas: https://twitter.com/AndreasSteno Follow Alf: https://twitter.com/MacroAlf Follow Blockworks: https://twitter.com/Blockworks_ Subscribe To The Macro Compass: https://themacrocompass.substack.com/ Subscribe To Stenos Signals: https://andreassteno.substack.com/ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- This episode is sponsored by Curve. Curve is unlike any other credit card. It gives you the power to connect multiple credit and debit cards into one, convert your cashback into crypto rewards, Go Back in Time ®️, create Smart Rules, and more. Apply now through https://link.curve.com/blockworks_macro_trading, you'll earn $20 in Curve Cash after your first transaction. So sign up today! Terms and conditions apply. -- Timestamps: (00:00) Introduction (01:37) 2022: A Year In Review (04:35) The Best Trades In 2022 On The Macro Trading Floor (10:22) A 2023 Global Macro Outlook (17:59) The U.S & European Business Cycle (20:22) “Curve Ad” (21:32) The U.S & European Business Cycle (28:52) Equity Market's In 2023 (35:07) The Liquidity Cycle In 2023 (39:44) Higher, Or Lower? (43:15) The Best Trade For The New Year -- Disclaimer: Nothing discussed on The Macro Trading Floor 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.

Raoul Pal and Kevin Kelly share their latest updates and insights on crypto. They discuss the comparison between gold and Bitcoin as a store of value, the potential threats to Bitcoin, central bank adoption, positive aspects of Bitcoin, and the future of Web3.

Financial expert Andreas Steno Larsen and former macro hedge fund manager turned CEO of Rose AI, Alex Campbell, discuss AI's transformative impact on the financial industry. Topics include improving trading with AI, challenges of obtaining accurate data in China, differences in repo transactions, China's real estate crisis, the impact of conflict on inflation and oil prices, and how conflict scenarios affect financial markets.

Andreas Steno Larsen, founder and CEO of Steno Research, teams up with geopolitical expert Mikkel Rosenvold to dive deep into the current state of global liquidity. They discuss how volatility is influenced by geopolitical tensions and market dynamics. The conversation highlights strategic investment opportunities amidst recession fears, analyzing the impact of central bank policies on liquidity and inflation. They also touch on the implications of political shifts, including the upcoming U.S. elections and potential investment in Taiwanese equities.

In a captivating discussion, Andreas Steno Larsen, CIO at Steno Global Macro Fund and CEO at Steno Research, unveils the powerful market forces beyond just Treasury actions. He emphasizes understanding money creation and liquidity’s role in influencing risk assets. With insights on altcoin seasons, he predicts potential investment opportunities driven by institutional interest, while cautioning against volatile risks. Larsen also delves into the impact of geopolitical dynamics and financial innovations shaping the crypto landscape.

The podcast explores the US economy's comeback with a focus on broader economic strength, growth, and falling inflation. Topics include semiconductor shipments, loan demand, job reports, non-farm payroll analysis, inflation recalibration, interest rate outlook, and global supply chain disruptions.

Join Andreas Steno Larsen, creator of Steno Signals and a seasoned expert in foreign exchange and investment banking, as he navigates the recent upheaval in the dollar-yen carry trade. He discusses the significant leverage macro hedge funds have taken and the looming implications of Japan's potential QE shift. The conversation shifts to explore the limited role of Chinese banks and liquidity trends affecting global markets, as well as challenges in the gold market and the US construction sector. Andreas provides insightful forecasts and strategic implications for investors.

Crypto expert Andreas Steno Larsen analyzes the risk factors for rising inflation due to the Red Sea crisis and increasing freight rates. They discuss the implications of attacks on ships, potential large-scale attacks, and the failures of US reassurance. They also explore the impact of the crisis on inflation, retail spending, and financial markets.

Darius Dale, founder of 42 Macro, and Andreas Steno Larsen join to analyze the Federal Reserve's interest rate hike, explore its impact on markets, and discuss the macro landscape. They also discuss central banks' actions, market performance, investor sentiment, inflation debate, and the possibility of a soft landing. The speakers reflect on the success of the S&P 500 despite rate hikes and tease future discussions on market vulnerabilities and predictions.