Hugh Hendry, an asset capitalist and former hedge fund manager, dives deep into the Eurodollar system's critical role in global liquidity, suggesting Japan is the real liquidity engine. He warns of a potential yen collapse and outlines shifting dynamics in collateral impacting markets. Hendry critiques the Fed's recent rate cuts as attempts to prevent a refinancing surge rather than curbing inflation, advocating for a prepared mindset amidst predicted market resets and increased volatility. His unconventional views challenge investors to rethink consensus.

In this episode, 42 Macro's Darius Dale and Raoul Pal of Real Vision discuss the rapid acceleration of AI, the exponential age, and the implications of these transformative technologies on financial markets and society. Raoul outlines how AI’s intelligence is doubling yearly, pushing humanity toward artificial superintelligence within five years, fundamentally reshaping industries, labor markets, and global economic structures. They explore the shift from a capital vs. labor dynamic to a humanist vs. transhumanist political divide, emphasizing the deflationary yet disruptive impact of AI and robotics. The conversation underscores the urgency of allocating to exponential assets like crypto and AI-driven investments while managing risk, as traditional portfolio strategies may become obsolete in this new era. Please do not redistribute this podcast or any information or communications (our “Content”) provided by 42 Macro, LLC (“42 Macro”) to any other person, including forwarding, posting, framing or publishing any of our content on any third-party website or social media platform without express written permission from 42 Macro. 42 Macro does not provide, and no portion of our Content purports to be, individualized or specific investment or tax advice and 42 Macro does not provide investment advice to individuals. All information provided by 42 Macro is general in nature and is made without regard to individual levels of sophistication or investment experience, product availability, investment preferences, investment objectives, risk parameters, or tax consequences and without regard to the suitability of the Content for individuals or entities who may access it. You must be an accredited or registered investor to participate in the 42 Macro Pro-to-Pro service. No information provided by 42 Macro should be construed as an offer to sell, or a solicitation of an offer to buy any security or investment vehicle, nor should it be construed as tailored or specific to you, or any reader or consumer thereof. You understand and agree that our content does not constitute specific recommendations of any particular investment, security, portfolio, transaction or strategy, nor does it recommend any specific course of action that is suitable for any specific person or entity or group of persons or entities. At any point in time, the employees of 42 Macro may own a portion of or all the ETF securities discussed in 42 Macro research Content. 42 Macro research Content is based upon information from sources believed to be reliable. 42 Macro is not responsible for errors, inaccuracies or omissions of information; nor is it responsible for the accuracy or authenticity of the information upon which it relies.

In this episode, 42 Macro's Darius Dale and Jim Bianco of Bianco Research discuss macroeconomic trends, inflation dynamics, and bond market implications. Jim highlights the structural shifts post-2020, arguing that higher inflation and interest rates are the new norm, with the 40-year bond bull market now firmly over. They explore the risks of momentum-driven investing, potential mispricing in bond markets, and the role of AI in reshaping economic expectations. The conversation also touches on DeepSeek’s breakthrough in AI, its potential disruption of the Mag 7 tech dominance, and its broader implications for financial markets. Please do not redistribute this podcast or any information or communications (our “Content”) provided by 42 Macro, LLC (“42 Macro”) to any other person, including forwarding, posting, framing or publishing any of our content on any third-party website or social media platform without express written permission from 42 Macro. 42 Macro does not provide, and no portion of our Content purports to be, individualized or specific investment or tax advice and 42 Macro does not provide investment advice to individuals. All information provided by 42 Macro is general in nature and is made without regard to individual levels of sophistication or investment experience, product availability, investment preferences, investment objectives, risk parameters, or tax consequences and without regard to the suitability of the Content for individuals or entities who may access it. You must be an accredited or registered investor to participate in the 42 Macro Pro-to-Pro service. No information provided by 42 Macro should be construed as an offer to sell, or a solicitation of an offer to buy any security or investment vehicle, nor should it be construed as tailored or specific to you, or any reader or consumer thereof. You understand and agree that our content does not constitute specific recommendations of any particular investment, security, portfolio, transaction or strategy, nor does it recommend any specific course of action that is suitable for any specific person or entity or group of persons or entities. At any point in time, the employees of 42 Macro may own a portion of or all the ETF securities discussed in 42 Macro research Content. 42 Macro research Content is based upon information from sources believed to be reliable. 42 Macro is not responsible for errors, inaccuracies or omissions of information; nor is it responsible for the accuracy or authenticity of the information upon which it relies.

In this episode, 42 Macro's Darius Dale and Cem Karsan of Kai Volatility Advisors discuss market structure, interest rate dynamics, and innovative portfolio strategies for risk-adjusted returns. Cem introduces Kai Wealth, a non-correlated wealth advisory program that avoids traditional duration and credit risks, leveraging options-based yield stacking and multi-strategy hedge fund approaches to achieve superior risk-adjusted returns. They highlight structural risks in bonds and equities due to rising interest rates and inflation, emphasizing the need for investors to move beyond traditional 60/40 portfolios. The conversation underscores the importance of diversification and innovation in navigating today’s complex market environment. Please do not redistribute this podcast or any information or communications (our “Content”) provided by 42 Macro, LLC (“42 Macro”) to any other person, including forwarding, posting, framing or publishing any of our content on any third-party website or social media platform without express written permission from 42 Macro. 42 Macro does not provide, and no portion of our Content purports to be, individualized or specific investment or tax advice and 42 Macro does not provide investment advice to individuals. All information provided by 42 Macro is general in nature and is made without regard to individual levels of sophistication or investment experience, product availability, investment preferences, investment objectives, risk parameters, or tax consequences and without regard to the suitability of the Content for individuals or entities who may access it. You must be an accredited or registered investor to participate in the 42 Macro Pro-to-Pro service. No information provided by 42 Macro should be construed as an offer to sell, or a solicitation of an offer to buy any security or investment vehicle, nor should it be construed as tailored or specific to you, or any reader or consumer thereof. You understand and agree that our content does not constitute specific recommendations of any particular investment, security, portfolio, transaction or strategy, nor does it recommend any specific course of action that is suitable for any specific person or entity or group of persons or entities. At any point in time, the employees of 42 Macro may own a portion of or all the ETF securities discussed in 42 Macro research Content. 42 Macro research Content is based upon information from sources believed to be reliable. 42 Macro is not responsible for errors, inaccuracies or omissions of information; nor is it responsible for the accuracy or authenticity of the information upon which it relies.

In this episode, 42 Macro's Darius Dale hosts Joel Shulman and Ava Ados of ERShares to discuss their innovative approach to democratizing private equity investments. They introduce XOVR, their flagship ETF, which combines entrepreneurial public companies with private equity exposure, including companies like SpaceX, offering daily liquidity and no minimum investment requirements. Joel and Ava emphasize their proprietary model, the Entrepreneur Factor, which identifies entrepreneurial companies driving alpha. The conversation highlights their mission to provide retail investors with access to private equity markets traditionally reserved for accredited investors, aligning with the broader trend of bridging public and private investment opportunities. Please do not redistribute this podcast or any information or communications (our “Content”) provided by 42 Macro, LLC (“42 Macro”) to any other person, including forwarding, posting, framing or publishing any of our content on any third-party website or social media platform without express written permission from 42 Macro. 42 Macro does not provide, and no portion of our Content purports to be, individualized or specific investment or tax advice and 42 Macro does not provide investment advice to individuals. All information provided by 42 Macro is general in nature and is made without regard to individual levels of sophistication or investment experience, product availability, investment preferences, investment objectives, risk parameters, or tax consequences and without regard to the suitability of the Content for individuals or entities who may access it. You must be an accredited or registered investor to participate in the 42 Macro Pro-to-Pro service. No information provided by 42 Macro should be construed as an offer to sell, or a solicitation of an offer to buy any security or investment vehicle, nor should it be construed as tailored or specific to you, or any reader or consumer thereof. You understand and agree that our content does not constitute specific recommendations of any particular investment, security, portfolio, transaction or strategy, nor does it recommend any specific course of action that is suitable for any specific person or entity or group of persons or entities. At any point in time, the employees of 42 Macro may own a portion of or all the ETF securities discussed in 42 Macro research Content. 42 Macro research Content is based upon information from sources believed to be reliable. 42 Macro is not responsible for errors, inaccuracies or omissions of information; nor is it responsible for the accuracy or authenticity of the information upon which it relies.

In this episode, 42 Macro's Darius Dale and Luke Gromen of Forest for the Trees discuss the U.S. fiscal crisis, exploring the implications of growing deficits, rising interest expenses, and the potential for systemic changes. Luke highlights the unsustainable dynamics of U.S. debt, emphasizing the role of the dollar as a key lever in global markets and the risks of attempting fiscal austerity without addressing dollar strength. They also examine potential solutions, such as dollar devaluation, revaluation of U.S. gold reserves, and strategic use of inflation to stabilize the fiscal trajectory. The conversation underscores the urgency of addressing structural challenges and the importance of preparing for significant market and policy shifts. Please do not redistribute this podcast or any information or communications (our “Content”) provided by 42 Macro, LLC (“42 Macro”) to any other person, including forwarding, posting, framing or publishing any of our content on any third-party website or social media platform without express written permission from 42 Macro. 42 Macro does not provide, and no portion of our Content purports to be, individualized or specific investment or tax advice and 42 Macro does not provide investment advice to individuals. All information provided by 42 Macro is general in nature and is made without regard to individual levels of sophistication or investment experience, product availability, investment preferences, investment objectives, risk parameters, or tax consequences and without regard to the suitability of the Content for individuals or entities who may access it. You must be an accredited or registered investor to participate in the 42 Macro Pro-to-Pro service. No information provided by 42 Macro should be construed as an offer to sell, or a solicitation of an offer to buy any security or investment vehicle, nor should it be construed as tailored or specific to you, or any reader or consumer thereof. You understand and agree that our content does not constitute specific recommendations of any particular investment, security, portfolio, transaction or strategy, nor does it recommend any specific course of action that is suitable for any specific person or entity or group of persons or entities. At any point in time, the employees of 42 Macro may own a portion of or all the ETF securities discussed in 42 Macro research Content. 42 Macro research Content is based upon information from sources believed to be reliable. 42 Macro is not responsible for errors, inaccuracies or omissions of information; nor is it responsible for the accuracy or authenticity of the information upon which it relies.

In this episode, 42 Macro's Darius Dale and Peter Boockvar of Bleakley Financial Group discuss the mixed signals within the U.S. and global economies, market bifurcations, and the challenges of positioning portfolios in a complex macro environment. Peter highlights divergences across consumer spending, manufacturing, and services, as well as the impact of tariffs, rising interest rates, and inflation on corporate earnings. They also explore the sustainability of elevated market valuations, the potential for the 10-year Treasury yield to revisit 5%, and the risks posed by sovereign debt dynamics and a strong dollar. The conversation emphasizes the importance of connecting macro and micro signals for effective investment strategies. Please do not redistribute this podcast or any information or communications (our “Content”) provided by 42 Macro, LLC (“42 Macro”) to any other person, including forwarding, posting, framing or publishing any of our content on any third-party website or social media platform without express written permission from 42 Macro. 42 Macro does not provide, and no portion of our Content purports to be, individualized or specific investment or tax advice and 42 Macro does not provide investment advice to individuals. All information provided by 42 Macro is general in nature and is made without regard to individual levels of sophistication or investment experience, product availability, investment preferences, investment objectives, risk parameters, or tax consequences and without regard to the suitability of the Content for individuals or entities who may access it. You must be an accredited or registered investor to participate in the 42 Macro Pro-to-Pro service. No information provided by 42 Macro should be construed as an offer to sell, or a solicitation of an offer to buy any security or investment vehicle, nor should it be construed as tailored or specific to you, or any reader or consumer thereof. You understand and agree that our content does not constitute specific recommendations of any particular investment, security, portfolio, transaction or strategy, nor does it recommend any specific course of action that is suitable for any specific person or entity or group of persons or entities. At any point in time, the employees of 42 Macro may own a portion of or all the ETF securities discussed in 42 Macro research Content. 42 Macro research Content is based upon information from sources believed to be reliable. 42 Macro is not responsible for errors, inaccuracies or omissions of information; nor is it responsible for the accuracy or authenticity of the information upon which it relies.

Bob Elliott, a seasoned macro investor and founder of Unlimited Funds, discusses his mission to democratize hedge fund-style returns. He delves into the current macroeconomic landscape, emphasizing the balance between fiscal policies and the resilience of the U.S. economy. Bob highlights the challenges posed by high asset valuations and the risks of inflationary pressures. The conversation also covers labor market dynamics and the shifting landscape of the bond market, advocating for innovative investment strategies that make finance accessible to all.

In this episode, 42 Macro's Darius Dale and Andrew Fischer of QuAIL Technologies explore the transformative potential of AI in investment management and financial services. Andrew shares insights on how AI is revolutionizing workflows by consolidating data, generating actionable insights, and reducing time-intensive processes for financial professionals. They discuss the evolving role of AI in portfolio construction, market research, and client communication, emphasizing its ability to empower professionals rather than replace them. The conversation highlights AI’s current capabilities, future potential, and its profound impact on optimizing investment decision-making and client outcomes. Please do not redistribute this podcast or any information or communications (our “Content”) provided by 42 Macro, LLC (“42 Macro”) to any other person, including forwarding, posting, framing or publishing any of our content on any third-party website or social media platform without express written permission from 42 Macro. 42 Macro does not provide, and no portion of our Content purports to be, individualized or specific investment or tax advice and 42 Macro does not provide investment advice to individuals. All information provided by 42 Macro is general in nature and is made without regard to individual levels of sophistication or investment experience, product availability, investment preferences, investment objectives, risk parameters, or tax consequences and without regard to the suitability of the Content for individuals or entities who may access it. You must be an accredited or registered investor to participate in the 42 Macro Pro-to-Pro service. No information provided by 42 Macro should be construed as an offer to sell, or a solicitation of an offer to buy any security or investment vehicle, nor should it be construed as tailored or specific to you, or any reader or consumer thereof. You understand and agree that our content does not constitute specific recommendations of any particular investment, security, portfolio, transaction or strategy, nor does it recommend any specific course of action that is suitable for any specific person or entity or group of persons or entities. At any point in time, the employees of 42 Macro may own a portion of or all the ETF securities discussed in 42 Macro research Content. 42 Macro research Content is based upon information from sources believed to be reliable. 42 Macro is not responsible for errors, inaccuracies or omissions of information; nor is it responsible for the accuracy or authenticity of the information upon which it relies.

In this episode, 42 Macro's Darius Dale and Nadine Terman of Solstein Capital discuss macroeconomic themes, investment strategies, and risk management in the current market environment. Nadine emphasizes the importance of balancing macro overlays with micro-level investment ideas and highlights strategies for navigating sticky inflation, resilient U.S. economic growth, and liquidity dynamics. She also explores opportunities in underpriced inflationary assets, international markets, and idiosyncratic trades, stressing the value of asymmetry and portfolio diversification. The conversation underscores the need for disciplined, process-driven investing to capitalize on market opportunities while managing risk effectively. Please do not redistribute this podcast or any information or communications (our “Content”) provided by 42 Macro, LLC (“42 Macro”) to any other person, including forwarding, posting, framing or publishing any of our content on any third-party website or social media platform without express written permission from 42 Macro. 42 Macro does not provide, and no portion of our Content purports to be, individualized or specific investment or tax advice and 42 Macro does not provide investment advice to individuals. All information provided by 42 Macro is general in nature and is made without regard to individual levels of sophistication or investment experience, product availability, investment preferences, investment objectives, risk parameters, or tax consequences and without regard to the suitability of the Content for individuals or entities who may access it. You must be an accredited or registered investor to participate in the 42 Macro Pro-to-Pro service. No information provided by 42 Macro should be construed as an offer to sell, or a solicitation of an offer to buy any security or investment vehicle, nor should it be construed as tailored or specific to you, or any reader or consumer thereof. You understand and agree that our content does not constitute specific recommendations of any particular investment, security, portfolio, transaction or strategy, nor does it recommend any specific course of action that is suitable for any specific person or entity or group of persons or entities. At any point in time, the employees of 42 Macro may own a portion of or all the ETF securities discussed in 42 Macro research Content. 42 Macro research Content is based upon information from sources believed to be reliable. 42 Macro is not responsible for errors, inaccuracies or omissions of information; nor is it responsible for the accuracy or authenticity of the information upon which it relies.