A new era at the Federal Reserve may be reshaping how markets think about rates, volatility, and the role of central banks. But is the market interpreting Kevin Warsh's first moves correctly?

This week, we break down Warsh's first FOMC meeting, the end of traditional forward guidance, and why they believe peak hawkishness may already be behind us despite the Fed's messaging.

We also discuss the AI capex boom, the future of Bitcoin and MicroStrategy, tightening liquidity, housing affordability, and whether markets are entering a fundamentally different regime. Enjoy!

TIMESTAMPS:

00:00 Intro

01:13 Forward Guidance Is Dead

08:28 Rate Volatility Returns

13:08 Why Hikes Won’t Happen

18:33 Liquidity Gets Tight

26:15 The AI Buildout Meets The Fed

35:55 The Summer Market Setup

42:39 MicroStrategy's Market Test

46:18 Bitcoin’s AI Opportunity Cost

53:29 Crypto Needs To Adapt

01:00:46 Gold Sentiment Hits Extremes

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EVENTS

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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.