In this episode, 42 Macro's Darius Dale and Beth Kindig of I/O Fund discuss the current state of the tech cycle, AI-driven opportunities, and their disciplined investment process. Beth highlights their approach of combining fundamental and technical analysis to identify trends like NVIDIA’s AI dominance while emphasizing valuation sensitivity. She shares concerns about overextended valuations in some tech names, such as NVIDIA and Microsoft, and outlines plans to sell into strength in the coming months. The discussion also covers AI’s transformative impact on enterprise productivity, the potential disruption of traditional cloud software, and the importance of maintaining a clear risk management strategy to navigate market sentiment 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.

In this episode, 42 Macro's Darius Dale and Scott Diddel of Diddel and Diddel Wealth Accumulation Strategies explore strategies for effective tax planning, retirement planning, and wealth preservation. Scott emphasizes the importance of understanding tax implications on investments and introduces the concept of a Life Insurance Retirement Plan (LERP) as a tax-efficient strategy for long-term wealth growth. They discuss the challenges of inflation, historical tax trends, and the need for proactive financial planning to ensure financial security. The conversation underscores the value of integrating tax-free growth strategies into traditional investment approaches to maximize retained wealth. 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 Benjamin Brey of Deductive Capital explore global macro risks, U.S. fiscal policy, and structural changes in financial markets. Ben highlights the fragilities in the financial system, including the impact of high deficits, the increasing risk of a bear steepener, and misaligned bond valuations. They discuss China’s economic struggles, the challenges of maintaining positive real interest rates, and the importance of managing fragility in portfolios through convexity and risk protection strategies. The conversation underscores the need for a proactive approach to navigate today’s complex macro 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 and Kris Sidial of Ambrus Group discuss the growing prevalence of short volatility trades and their implications for market dynamics. Kris highlights the overcrowding in short vol positions, driven by structured products, yield-seeking strategies, and hedge fund AUM growth, and emphasizes the potential for these trades to unwind within the next 12 months. They also explore the evolving volatility landscape, including the impact of dealer activity, behavioral market dynamics, and the challenges of tail risk hedging, stressing the importance of process-driven strategies over prediction for effective risk management. 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, Darius Dale of 42 Macro conducts an extended Q&A session focused on market regimes, risk management, and portfolio construction. Darius provides a deep dive into 42 Macro’s Global Macro Risk Matrix, Macro Weather Model, and discretionary risk management tools, emphasizing their use in helping clients align with evolving market conditions. He discusses the current reflationary regime, the potential for a phase transition to risk-off inflation, and the critical importance of observational processes over predictions for managing risk and generating consistent returns. 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 David Hunter of Contrarian Macro Advisors discuss market cycles, sentiment, and the path to a potential melt-up in equity markets. David outlines his bullish target of S&P 7,000, driven by sentiment shifts, sidelined cash re-entering markets, and parabolic price action as skepticism fades. They also explore macro risks, including massive global leverage and policy errors, which David believes could lead to a global bust following the melt-up. Both emphasize the importance of understanding cross-market indicators and managing risk in a complex, sentiment-driven 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 and Dylan LeClair of UTXO Management discuss Bitcoin’s structural trends, market dynamics, and macroeconomic implications. Dylan emphasizes Bitcoin as a “monetary singularity,” highlighting its supply-demand imbalances, institutional adoption through ETFs, and resilience in market cycles. They explore the evolving structure of Bitcoin’s derivatives market, the impact of sovereign debt dynamics on Bitcoin’s long-term value, and corporate strategies like MicroStrategy’s speculative attack on fiat. 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 Gordon Johnson of GLJ Research discuss liquidity, inflation, and global macroeconomic trends. Gordon highlights the near-term positive impact of U.S. liquidity flows on markets through Q1, followed by risks of negative liquidity in Q2, while criticizing inflation metrics for their disconnect from real consumer experiences. They also explore China’s economic challenges, structural issues in the solar industry, and Tesla’s vulnerabilities, with Gordon pitching Tesla as a compelling short opportunity due to declining margins and weakening fundamentals. 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 Kai Volatility Advisors Cem Karsan discuss market dynamics, focusing on volatility, liquidity, and macroeconomic trends. Cem highlights potential market shifts around January 17th, driven by weakening flows and structural imbalances, while Darius emphasizes a bullish outlook supported by macro trends. They also touch on long-term drivers like populism and de-globalization, with both stressing the importance of clear, process-driven risk management over following market narratives. 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.