Forward Guidance

Blockworks
Blockworks
  • 4.4 (262)
  • Investing
  • Updated Weekly

The laws of macro investing are being re-written, and investors who fail to adapt to the rapidly changing monetary environment will struggle to keep pace. Felix Jauvin interviews the brightest minds in finance about which asset classes they think will thrive in the financial future that they envision. Follow Felix: https://twitter.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance  Subscribe on YouTube: https://www.youtube.com/@ForwardGuidanceBW Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance Forward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx

  1. 5h ago

    Fiscal Dominance Is Breaking The 60/40 Portfolio | Matt Hougan & Bob Haber

    The 60/40 portfolio was built for an old regime, but what replaces bonds when fiscal dominance and currency debasement become structural? This week, Bitwise CIO Matt Hougan and Proficio CIO Bob Haber join the show to explore how hard assets fit into modern portfolio construction. We discuss how Bitcoin and gold, bond-market risk, fiscal dominance, precious metals, and the Fed’s shrinking influence come together to shape a new investing regime. Enjoy! TIMESTAMPS: 00:00 Intro 04:38 Is The 60/40 Portfolio Broken? 10:23 From QE To Fiscal Dominance 12:45 Is Bitcoin Digital Gold Again? 18:30 Sizing Bitcoin And Gold 23:59 Why Gold Miners Look Attractive 27:56 The Opportunity In Silver 29:53 Will Central Banks Buy Bitcoin? 32:24 Who Buys $12T Of Treasuries? 36:28 Can AI Solve The Debt Problem? 41:01 Are Bond Investors The Patsy? FOLLOW GUESTS › Matt – https://x.com/Matt_Hougan › Bitwise – https://x.com/Bitwise › Bob/Proficio – https://proficiocap.com/ FOLLOW THE SHOW › Forward Guidance – https://x.com/ForwardGuidance › Felix – https://x.com/fejau_inc › Telegram – https://t.me/+CAoZQpC-i6BjYTEx › Blockworks – https://x.com/Blockworks EVENTS › Join us at Digital Asset Summit 2026 Asia October 7th & Digital Asset 2026 London November 10-11th https://blockworks.com/events › Avalanche Summit NYC lands Sept. 16–17. Save 15% with code BLOCKWORKS15: avalanchesummit.com/registration DISCLAIMER Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only. Any views expressed are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

    Fiscal Dominance Is Breaking The 60/40 Portfolio | Matt Hougan & Bob Haber

  2. 6d ago

    Druck Calls Out Bessent & Will Jackson Hole Derail The Debasement Trade? | Weekly Roundup

    The macro establishment is turning on itself as Stan Druckenmiller challenges Scott Bessent’s efforts to suppress long-term Treasury yields. This week, we unpack the Druck-Bessent clash and what it reveals about fiscal policy, Fed independence, and market intervention. We also preview Warsh's Jackson Hole speech this week, potential bond-market manipulation, AI bubble risks, and whether the debasement trade is here to stay. Enjoy! TIMESTAMPS: 00:00 Intro 02:43 Druckenmiller Calls Out Bessent 05:51 Is Druck Actually Helping Bessent? 08:42 Druck’s AI-Written Op-Ed 13:50 Treasury Escalates Bond Buybacks? 16:05 Why Yield Suppression Fuels Debasement 19:52 Ads (TOKEN2049, DAS Asia, Avalanche Summit) 21:28 Jackson Hole And Warsh’s Dilemma 27:20 America’s Term-Premium Problem 30:43 Anthropic And The AI Bubble 37:48 AI Repeats Crypto’s 2021 Playbook 42:48 Will The Government Bail Out AI? 47:03 The Debasement Endgame FOLLOW THE SHOW › Forward Guidance – https://x.com/ForwardGuidance › Felix – https://x.com/fejau_inc › Quinn – https://x.com/qthomp › Telegram – https://t.me/+CAoZQpC-i6BjYTEx › Blockworks – https://x.com/Blockworks RESOURCES › Weekly Roundup Charts – https://drive.google.com/file/d/1zmm4uy9nhYi3TrTaq20oyFD61Uq8anYg/view?usp=sharing EVENTS › Join us at Digital Asset Summit 2026 Asia October 7th & Digital Asset 2026 London November 10-11th https://blockworks.com/events › Avalanche Summit NYC lands Sept. 16–17. Save 15% with code BLOCKWORKS15: avalanchesummit.com/registration DISCLAIMER Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only. Any views expressed are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

    Druck Calls Out Bessent & Will Jackson Hole Derail The Debasement Trade? | Weekly Roundup

  3. Aug 20

    Treasury-Led Financial Repression Is Ushering In A Debasement Regime | Weekly Roundup

    Treasury is quietly taking control of financial conditions and the market implications could trigger a new wave in the debasement trade. This week, Felix and Quinn unpack Treasury’s accelerating intervention in long-term yields and why it could reignite the rotation into hard assets as policymakers suppress yields and tolerate inflation. We explore inflation, dollar weakness, AI financing, oil's ongoing supply shock, and where capital likely rotates next. Enjoy! TIMESTAMPS: 00:00 Intro 03:17 Treasury Buybacks Change The Game 12:53 Is This Fiscal Operation Twist? 19:17 Where Does The Debasement Trade Go? 24:18 How Long Can They Goose Markets? 29:08 Can The Fed Stay Hawkish? 33:39 When Should You Buy Inflation Protection? 37:58 Is Debt Monetization Next? 41:25 Where Should Investors Hide? 46:12 What Comes After The AI Boom? 51:58 Final Thoughts FOLLOW THE SHOW › Forward Guidance – https://x.com/ForwardGuidance › Felix – https://x.com/fejau_inc › Quinn – https://x.com/qthomp › Telegram – https://t.me/+CAoZQpC-i6BjYTEx › Blockworks – https://x.com/Blockworks RESOURCES › Weekly Roundup Charts – https://drive.google.com/file/d/1dCi1wentet0JRlYXC_OX0s2QIm1qXvIW/view?usp=sharing EVENTS › Join us at Digital Asset Summit 2026 Asia October 7th & Digital Asset 2026 London November 10-11th https://blockworks.com/events DISCLAIMER Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only. Any views expressed are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

    Treasury-Led Financial Repression Is Ushering In A Debasement Regime | Weekly Roundup

  4. Aug 12

    The Growth Strategy Trapping The Fed | Darius Dale

    Running the economy hot may keep growth alive, but it creates a dangerous balancing act for markets. Darius Dale, founder of 42 Macro, joins us to explain why today’s reflationary regime demands a different investing playbook. We also discuss rising neutral rates, bond-market pressure, Fed credibility, capital scarcity, and systematic portfolio risk management. Enjoy! TIMESTAMPS: 00:00 Intro 01:00 The Risk-On Reflation Regime 06:29 Why This Bull Market Feels Harder 14:54 The Fed Risks The Bond Market 20:57 Inside The Fed’s Policy Tightrope 29:49 Can Policymakers Stick The Landing? 37:10 Why Risk Management Beats Buy-And-Hold 43:29 Making Institutional Tools Accessible FOLLOW DARIUS › X/Twitter – https://x.com/DariusDale42 › 42 Macro – https://42macro.com/ FOLLOW THE SHOW › Forward Guidance – https://x.com/ForwardGuidance › Felix – https://x.com/fejau_inc › Telegram – https://t.me/+CAoZQpC-i6BjYTEx › Blockworks – https://x.com/Blockworks EVENTS › Join. usat Digital Asset Summit 2026 Asia October 7th & Digital Asset 2026 London November 10-11th https://blockworks.com/events DISCLAIMER Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only. Any views expressed are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

    The Growth Strategy Trapping The Fed | Darius Dale

  5. Aug 7

    Washington Is Suppressing Volatility To Keep The AI Boom Alive | Weekly Roundup

    Washington is shifting from monetary management toward state-directed capitalism and the consequences could reshape where capital flows next. This week, Tyler joins us for his final roundup before heading to Shoten Capital, unpacking the shift toward state-directed growth and volatility suppression. We explore Fed-Treasury coordination, the AI capex boom, energy abundance, and whether Bitcoin is approaching a turning point. Enjoy! TIMESTAMPS: 00:00 Intro 00:58 Tyler's Farewell 04:34 Markets Enter A New Regime 06:22 Treasury Takes Control Of Volatility 15:11 Nuclear Power Supercycle? 20:18 Backstopping The Global Short Vol Trade 24:50 Are Policy Band-Aids Creating Bigger Risks? 28:48 Gold Sniffs Out The Policy Pivot 33:35 The AI Capex Boom Becomes Statecraft 40:42 Can Markets Survive The Midterms? 44:19 Regulation Builds The AI Moat 46:01 Bitcoin Enters A Cleansing Phase 50:31 How Narratives Drive Capital Flows 55:34 Final Thoughts FOLLOW THE SHOW › Forward Guidance – https://x.com/ForwardGuidance › Felix – https://x.com/fejau_inc › Quinn – https://x.com/qthomp › Tyler – https://x.com/Tyler_Neville › Telegram – https://t.me/+CAoZQpC-i6BjYTEx › Blockworks – https://x.com/Blockworks RESOURCES › Weekly Roundup Charts – https://drive.google.com/file/d/16t3aXIjnR07MLnyb7RGarzT0oaI7dOFH/view?usp=sharing EVENTS › Join us at Digital Asset Summit 2026 Asia October 7th & Digital Asset 2026 London November 10-11th https://blockworks.com/events DISCLAIMER Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only. Any views expressed are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

    Washington Is Suppressing Volatility To Keep The AI Boom Alive | Weekly Roundup

  6. Aug 5

    The Portfolio Built To Survive Every Crash | Jared Dillian

    Markets are relearning that durable wealth comes from disciplined risk management, not chasing momentum or relying on central bank intervention. This week, we're joined by Jared Dillian, editor of The Daily Dirtnap and author of The Awesome Portfolio, to discuss why markets may be entering a new regime where risk management matters more than maximizing returns. We explore Warsh's Fed strategy, the case for a steeper yield curve, why the AI trade may be masking economic weakness, how sentiment shifts after crowded trades unwind, and why gold and diversified portfolios could be poised for a comeback. Enjoy! TIMESTAMPS: 00:00 Intro 01:01 The Awesome Portfolio 04:42 Why Investors Misunderstand Risk 11:15 Warsh’s Intentional Policy Shift 14:17 The Yield Curve Meets Weak Data 17:32 Markets To Do The Heavy Lifting 20:00 Treasury Enters The Currency Fight 22:58 The Bear Market’s Starting Gun 27:57 Defensive Stocks, Oil And Gold FOLLOW JARED › X/Twitter – https://x.com/dailydirtnap › Pre-Order The Awesome Portfolio –https://a.co/d/01yslEpJ FOLLOW THE SHOW › Forward Guidance – https://x.com/ForwardGuidance › Felix – https://x.com/fejau_inc › Telegram – https://t.me/+CAoZQpC-i6BjYTEx › Blockworks – https://x.com/Blockworks EVENTS › Join us at Digital Asset Summit 2026 Asia October 7th & Digital Asset 2026 London November 10-11th https://blockworks.com/events DISCLAIMER Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only. Any views expressed are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

    The Portfolio Built To Survive Every Crash | Jared Dillian

  7. Aug 3

    The AI Unwind And Warsh's Long-End Gamble | Weekly Roundup

    AI’s leverage-fueled boom is colliding with a Fed determined to tighten conditions without touching short-term rates. This week, we dig into the Situational Awareness liquidation, the Fed meeting, and whether markets have reached a genuine growth inflection. We unpack the ongoing AI unwind, Warsh’s long-end strategy, the Fed's credibility shock, and the administration’s market choreography. Enjoy! TIMESTAMPS: 00:00 Intro 01:45 Situational Awareness Liquidation 04:49 Why Leverage Fueled The Boom 07:51 Price Drives The Narrative 12:42 Did Markets Misread Warsh? 21:08 Why The Long End Matters 25:42 Warsh’s Communication Problem 29:17 What Comes At Jackson Hole? 33:14 Growth Hits An Inflection 38:27 Markets Vs Midterm Politics 45:46 August Slowdown Risks FOLLOW THE SHOW › Forward Guidance – https://x.com/ForwardGuidance › Felix – https://x.com/fejau_inc › Quinn – https://x.com/qthomp › Telegram – https://t.me/+CAoZQpC-i6BjYTEx › Blockworks – https://x.com/Blockworks RESOURCES › Weekly Roundup Charts – https://drive.google.com/file/d/1JJcuttegsr2dLgKuasjv7B5u5tPe-OAu/view?usp=drive_link EVENTS › Join us at Digital Asset Summit 2026 Asia October 7th & Digital Asset 2026 London November 10-11th https://blockworks.com/events DISCLAIMER Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only. Any views expressed are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

    The AI Unwind And Warsh's Long-End Gamble | Weekly Roundup

  8. Jul 22

    AI Efficiency Is Repricing The Compute Market | Steve Hou

    AI’s next phase hinges on a paradox: falling costs could threaten today’s winners while unlocking far greater demand. Steve Hou, head of research at Silicon Data and former Bloomberg strategist, joins us to examine the changing economics of AI compute. We discuss token efficiency, model routing, GPU pricing, memory bottlenecks, and when enterprise adoption may finally deliver measurable returns. Enjoy! TIMESTAMPS: 00:00 Intro 01:01 Why AI Compute Needs Hedging 06:55 What The Token Index Really Shows 14:04 Token Maxing Meets Efficiency 18:35 Who Captures AI’s Value? 22:12 Old GPUs Reveal Surging Demand 27:10 GPU Markets Keep Tightening 32:03 The Memory Bottleneck 37:07 AI’s Next Phase FOLLOW STEVE › X/Twitter – https://x.com/stevehou › Silicon Data – https://www.silicondata.com/ FOLLOW THE SHOW › Forward Guidance – https://x.com/ForwardGuidance › Felix – https://x.com/fejau_inc › Telegram – https://t.me/+CAoZQpC-i6BjYTEx › Blockworks – https://x.com/Blockworks EVENTS › Join us at Digital Asset Summit 2026 Asia October 7th & Digital Asset 2026 London November 10-11th https://blockworks.com/events DISCLAIMER Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only. Any views expressed are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

    AI Efficiency Is Repricing The Compute Market | Steve Hou
See All (624)

Hosts & Guests

4.4
out of 5
262 Ratings

About

The laws of macro investing are being re-written, and investors who fail to adapt to the rapidly changing monetary environment will struggle to keep pace. Felix Jauvin interviews the brightest minds in finance about which asset classes they think will thrive in the financial future that they envision. Follow Felix: https://twitter.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance  Subscribe on YouTube: https://www.youtube.com/@ForwardGuidanceBW Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance Forward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx

Information

  • Channel
    Blockworks
  • Creator
    Blockworks
  • Years Active
    2021 - 2026
  • Episodes
    624
  • Rating
    Explicit
  • Copyright
    © 384141 Blockworks 2021
  • Show Website
    Forward Guidance

More From Blockworks

You Might Also Like