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Why Cross-Border Flows Matter More Than Rate Cuts | Capital Flows
Manage episode 520210366 series 3300108
In this episode, Capital Flows joins the show to break down how credit growth, falling real rates, and strong cross-border flows fueled the rally from April through summer, and why the Fed’s recent hawkish shift has introduced short-term volatility without meaningfully raising recession risk. We also cover auto-loan stress, the real drivers behind AI-linked equity moves, why geopolitics now shapes liquidity more than the Fed, and more. Enjoy!
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Follow Capital Flows: https://x.com/Globalflows
Follow Felix: https://x.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx
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Grayscale offers more than 30 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal.
https://www.grayscale.com/?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-forwardguidance
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Timestamps:
(00:00) Introduction
(01:44) Macro & the Credit Cycle
(05:22) Quantifying Credit Growth
(09:43) Grayscale Ad
(10:24) Impact of Fed’s Hawkish Pivot
(13:41) Recession Odds
(16:38) Auto Loan Stress & Markets vs Economy
(20:28) Market Dispersion & Mag7
(21:22) Mag7: Capex, Financial Engineering, Politics
(25:59) Geopolitics & Cross-Border Flows
(29:28) Grayscale Ad
(30:16) Geopolitics & Cross-Border Flows (Con’t)
(35:08) U.S.-China Trade Constraints
(40:29) Bitcoin & Neutral Assets
(47:21) View on U.S. Equities
(50:57) Final Thoughts
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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, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.
#Macro #Investing #Markets #ForwardGuidance
554 episodes
Manage episode 520210366 series 3300108
In this episode, Capital Flows joins the show to break down how credit growth, falling real rates, and strong cross-border flows fueled the rally from April through summer, and why the Fed’s recent hawkish shift has introduced short-term volatility without meaningfully raising recession risk. We also cover auto-loan stress, the real drivers behind AI-linked equity moves, why geopolitics now shapes liquidity more than the Fed, and more. Enjoy!
__
Follow Capital Flows: https://x.com/Globalflows
Follow Felix: https://x.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx
__
Grayscale offers more than 30 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal.
https://www.grayscale.com/?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-forwardguidance
—
Timestamps:
(00:00) Introduction
(01:44) Macro & the Credit Cycle
(05:22) Quantifying Credit Growth
(09:43) Grayscale Ad
(10:24) Impact of Fed’s Hawkish Pivot
(13:41) Recession Odds
(16:38) Auto Loan Stress & Markets vs Economy
(20:28) Market Dispersion & Mag7
(21:22) Mag7: Capex, Financial Engineering, Politics
(25:59) Geopolitics & Cross-Border Flows
(29:28) Grayscale Ad
(30:16) Geopolitics & Cross-Border Flows (Con’t)
(35:08) U.S.-China Trade Constraints
(40:29) Bitcoin & Neutral Assets
(47:21) View on U.S. Equities
(50:57) Final Thoughts
__
Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.
#Macro #Investing #Markets #ForwardGuidance
554 episodes
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