How Macro Trading Veterans Are Thinking About 2025 | David Cervantes & DCP

In this episode, David Cervantes and DCP join the show to discuss the FOMC post-mortem, the similarities to the 90s business cycle, and managing emotions in markets. We also reflect on the COVID crash, dig into expectations for 2025, and much more. Enjoy!

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Timestamps:

(00:00) Introduction

(02:12) Donnie’s Background

(08:00) David’s Trading Framework

(09:08) FOMC Post-Mortem

(19:19) Fed Guidance & Market Surprises

(21:49) DCP’s Edge

(23:55) New Government Regime

(24:49) Reflecting On Trades

(26:28) Similarities To The 90s

(30:45) Ads

(31:58) Interview Continues

(33:11) So You Want To Be A Trader?

(35:05) We’re Mid-Cycle, Not Late-Cycle

(37:05) Managing Emotions

(40:43) Trading Wisdom

(44:52) Reflecting On The COVID Crash

(51:55) Trading Insights

(53:53) Trading Bonds Vs ES

(59:16) 2025 Expectations

(01:05:15) Trump & The Deficit

(01:07:08) Closing

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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.