The Bond Market Is Broken. The 60/40 Portfolio Is Dead. And the Fed Is Losing Control. In Episode 3 of Traders of the World, host Flávio Lemos, CMT, is joined by special co-host Raphael Figueredo (Equity Strategist at XP Inc.) for a deep macro conversation with one of the most respected voices in global markets: Jim Bianco. Jim is the President of Bianco Research and a leading authority on macroeconomics, fixed income, and intermarket analysis. With more than 30 years of experience, he is widely followed for his contrarian insights—most notably for warning about the inflation surge well before it was dismissed as “transitory.” In this episode, Jim explains why the 40-year bull market in bonds ended in 2020, why the classic 60/40 portfolio no longer works, and how political and structural forces are disrupting the Federal Reserve. This is a must-listen episode for investors trying to understand the new inflation regime, shifting correlations, and what actually matters in today’s macro environment. • Why recessions don’t happen from “old age” — and why we’re in a No Landing scenario• How internal fractures and political pressure are creating Fed chaos• Why stocks and bonds now move together — breaking the 60/40 model• Why Jim calls housing “Boomer Bitcoin”• Why gold and silver are rising despite high interest rates• Why passive investing fails in fixed income• How intermarket analysis reveals alpha most investors miss Markets are no longer operating under the rules of the last four decades.If you still rely on traditional diversification, bond protection, or central bank predictability, this conversation will challenge your assumptions—and upgrade your framework. Jim Bianco, bond market collapse, 60/40 portfolio dead, macro investing podcast, Federal Reserve interest rates, inflation regime change, stock bond correlation, intermarket analysis, fixed income strategy, housing bubble, gold and silver macro, no landing economy, Traders of the World podcast, Flavio Lemos CMT, macro economics investing. This episode is for educational purposes only and does not constitute financial advice. Investing and trading involve risk. Always do your own research. 🔍 What You’ll Learn in This Episode🎯 Why This Episode Matters🔎 SEO Keywords (Spotify Discovery)⚠️ Disclaimer