Bob Elliott, CEO and CIO of Unlimited, shares his insights from a rich background at Bridgewater Associates. He delves into the crucial relationship between interest rates, inflation, and asset classes. Bob emphasizes the importance of selecting high-signal data to guide investment decisions and how behavioral dynamics influence macroeconomic cycles. He discusses the shift toward tighter monetary policies, the resilience of the labor market, and the significance of quantitative investing in venture capital as a means to navigate current economic complexities.

Bob Elliott, Co-founder and CEO of Unlimited Funds, shares his insights on the current financial landscape. He dives into Netflix's earnings and the labor market's complexities. Elliott discusses the implications of tariffs on investment strategies and the viability of junk bonds. He offers his perspective on gold allocation and Treasury Inflation-Protected Securities (TIPs). The conversation wraps up with a candid look at hedge fund fees and the evolution of client expectations in today's market.

In Episode 313 of Hidden Forces, Demetri Kofinas speaks with Bob Elliott, the co-founder and CEO of Unlimited, a financial services firm that uses machine learning to create products that replicate the index returns of alternative investments. Demetri asked Bob onto the podcast to help sort through the noise of this latest financial news cycle as it pertains to the debt ceiling debate, regional bank stocks, the Fed’s fight against inflation, and where we find ourselves in the economic cycle. Many have been surprised by how long it’s taken for an economic recession to materialize given the speed and extent of the Federal Reserve’s rate rises. Demetri and Bob discuss what might explain this and what it means for investors if supply-side factors to the economy make combating inflation difficult for the Fed to do without undermining the economy’s ability to supply the capital needed ameliorate it. This episode is an excellent overview of where we find ourselves today and provides an especially useful framework for thinking about the important issues facing the economy and markets over the next six months to twelve months. You can subscribe to our premium content and gain access to our premium feed, episode transcripts, and Intelligence Reports (or Key Takeaways) at HiddenForces.io/subscribe. If you want to join in on the conversation and become a member of the Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can also do that on our subscriber page. If you still have questions, feel free to email info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 05/15/2023

Former Investment Committee member at Bridgewater Associates, Bob Elliott, discusses the impact of peak globalization on economies and asset prices, emphasizing potential shifts towards less globalization and reshoring post-COVID. The podcast explores the implications of policy changes, demographic shifts, and the benefits of onshoring production. Elliott also shares insights on non-monetary investments and highlights the health benefits of walking.

Bob Elliott, CEO of Unlimited, discusses the macro picture, increasing odds of a recession, and the benefits of allocating 10% of a portfolio to gold. They explore the factors leading to a recession, the importance of considering a wide range of outcomes in financial planning, and the value of learning from investing experts. The speaker expresses gratitude for being on the show and encourages listeners to check out Unlimited Funds' website and follow them on Twitter for more market discussions.

In this engaging discussion, Bob Elliott, co-founder and CEO of Unlimited, delves into the Federal Reserve's strategic shift from fighting inflation to fostering labor market growth. He and Demetri Kofinas explore the potential shift from an income-driven to a credit-driven economy, fueled by increased borrowing. They also analyze China's economic situation and the implications of its stimulus for global markets. Additionally, they dissect the role of labor strikes and the importance of effective asset allocation in a changing economic landscape.

Bob Elliott, cofounder and CEO of Unlimited, shares insights on the economic landscape and investment outlook. He warns of a potential growth disappointment in 2025, driven by shifting Fed policies and rising tariffs. Elliott highlights the contrast between high growth expectations in the stock market and the low confidence levels among professional investors. The conversation also covers the implications of partisan perspectives on market sentiment and the growing demand for gold as a safe haven amid economic uncertainty.

The Federal Reserve and the bulls have been hoping for a “soft landing” scenario in which inflation falls but the economy doesn’t enter a recession. The odds of a “soft landing” appear to have increased over the past few months - but what are the odds that, should it come to pass, a soft landing will actually last? Bob Elliott, CIO of Unlimited Funds, and and Andy Constan, founder of Damped Macro Research and 2 Gray Beards, join Forward Guidance to debate the odds. Constan and Elliott, former colleagues at asset management behemoth Bridgewater Associates, also share their views on liquidity, asset valuations, and interest rates.Twitter exchange between Bob Elliott & Andy Constan that sparked this conversation: https://twitter.com/dampedspring/status/1621896223996125192--Follow Andy Constan on Twitter https://twitter.com/dampedspringFollow Bob Elliott on Twitter https://twitter.com/BobEUnlimitedFollow 2 Gray Beards on Twitter https://twitter.com/2GrayBeardsFollow Jack Farley on Twitter https://twitter.com/JackFarley96Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidanceFollow Blockworks on Twitter https://twitter.com/Blockworks_--Use code GUIDANCE10 to get 10% off Permissionless 2023 in Austin:https://blockworks.co/event/permissionless-2023Research, news, data, governance and models – now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/--Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter:https://rb.gy/5weeywMarket commentary, charts, degen trade ideas, governance updates, token performance, can’t-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos--Timestamps:(00:00) Introduction(00:39) What Is The Soft Landing?(04:01) "The Odds Of A Soft Landing Are Very Low”(12:45) January Inflation Data(19:04) How High Can The Fed Hike Rates?(24:50) Outlook for Stocks(29:02) Permissionless Plug(30:10) The Recession Bets Are Being Unwound(36:05) Andy's Short Asset Trade(41:37) Why Are Financial Conditions Loosening?(45:47) Offshore Demand For Treasurys(51:40) Real (Inflation-Adjusted) Interest Rates(01:01:52) Is Inverted Yield Curve A Systemic Drag On Liquidity That May Outlast Temporary Influxes of Liquidity?--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.

Bob Elliott, financial expert, joins The Compound and Friends to discuss the eruption in the market, what to watch for in 2024, the outlook for regional banks, the stupidest piece of research, and hedge fund strategy ETFs. They also explore the impact of interest rates, bonds, and prospects for regional banks, as well as the stability of deposits in small and large banks. Finally, they discuss Netflix's power law structure and strategic promotion, comparing it to traditional cable systems and recommending non-finance podcast Hidden Forces.

Bob Elliott, a macroeconomics expert from Unlimited Funds, delves into inflation, Fed policies, and market dynamics. Topics include evaluating market price targets, gold in portfolios, investing in hedge funds, and fiscal policies' impact. The discussion covers central banks' cautious approach, economic indicators, political decisions' macroeconomic consequences, and the role of gold as a hedge. The podcast explores portfolio diversification strategies, tax efficiency with ETFs, and the complexity of navigating hedge fund fees.