Forward Guidance
Episodes
The “Short Everything” Trade | Teddy Vallee
28 Apr 2022
Contributed by Lukas
Jack’s next guest is someone who has timed this cycle better than literally anyone he knows in macro. Since the beginning of the year, the elusive ...
Can Europe's Economy Handle Russian Sanctions? | Frances Coppola
25 Apr 2022
Contributed by Lukas
Frances Coppola, Economist, Author & banking expert, joins Forward Guidance to give an update on how the West's new sanctions on Russia are playing ou...
Expect a 30% Correction in Stocks, Says Godfather Of Global Liquidity | Michael Howell
21 Apr 2022
Contributed by Lukas
“Liquidity” is a critical concept in markets that many may have heard, but few truly understand. Michael Howell, managing director at Cross Border...
Commercial Banks Taper Treasury Purchases | Joseph Wang & DC Analyst
20 Apr 2022
Contributed by Lukas
DC Analyst joins Joseph Wang and Jack Farley for a discussion about commercial banks, treasuries, and bearishness on banks. -- DC on Twitter: @Analys...
Think Rising Rates Are Good For Banks? Think Again!
18 Apr 2022
Contributed by Lukas
An oft-cited fact is that rising rates support the profitability of the commercial banking system. Chris Whalen, veteran banker, chairman of Whalen Gl...
Slaying the Inflation Dragon | Jurrien Timmer
14 Apr 2022
Contributed by Lukas
Jurrien Timmer, director of global macro research at Fidelity, joins Forward Guidance to explain his outlook of the current macro environment marked b...
Inflation Forces The Fed's Hand | Joseph Wang & George Goncalves
13 Apr 2022
Contributed by Lukas
Blockworks' Jack Farley, Host of Forward Guidance goes LIVE with Joseph Wang and George Goncalves to discuss the bond market, plumbing, inflation & mo...
Birth of the U.S. Dollar | Roger Lowenstein
10 Apr 2022
Contributed by Lukas
On today's episode of Forward Guidance, Jack Farley is joined by Roger Lowenstein to discuss his new books and the intricacies of the American financi...
Bullish Commodities? Not So Fast | Lukas Kuemmerle
07 Apr 2022
Contributed by Lukas
On today's episode of Forward Guidance, Lukas Kuemmerle joins Jack Farley to talk his commodity plan and interests in 2022. As someone interested not ...
Zoltan Pozsar Calls For Bretton Woods III | Joseph Wang
06 Apr 2022
Contributed by Lukas
Blockworks' Jack Farley, Host of Forward Guidance goes LIVE with Joseph Wang to discuss Zoltan Pozsar's recent Global Money Dispatch titled 'Money, Co...
Inflationary Recession Is On The Horizon | Paul Hodges
03 Apr 2022
Contributed by Lukas
On today's episode of Forward Guidance, Jack Farley is joined by Paul Hodges of New Normal Consulting & writer of the pH report. By using leading indi...
When Volatility Strikes, Watch Out! | Kris Sidial
31 Mar 2022
Contributed by Lukas
On today's episode of Forward Guidance, Jack Farley is joined by Kris Sidial, Co-CIO of the Ambrus Group, a volatility arbitrage focused firm founded ...
Nothing Destroys Inflation Like a Recession | Darius Dale
27 Mar 2022
Contributed by Lukas
On today's episode of Forward Guidance, Jack Farley welcomes returning guest, Darius Dale of 42Macro. Darius sits down to discuss the current macro en...
Will Janet Yellen Pull the Trigger? | Andy Constan
24 Mar 2022
Contributed by Lukas
In today's episode of Forward Guidance, Andy Constan joins Jack to discuss the latest in financial news, reflecting on the Fed while discussing topics...
The Fed's Forward Guidance Is No More | with Nick Timiraos
22 Mar 2022
Contributed by Lukas
Blockworks' Jack Farley of Forward Guidance goes LIVE with Joseph Wang and Nick Timiraos to discuss the Fed, forward guidance, and what the recent new...
Short Selling in the Age of Fraud | Carson Block
20 Mar 2022
Contributed by Lukas
On today's episode of Forward Guidance, Jack Farley is joined by Carson Block, Investor & Founder of Muddy Waters Research. Known for his role in acti...
Options Trading for Macro Investors | Imran Lakha
17 Mar 2022
Contributed by Lukas
In today's episode of Forward Guidance, class is back in session with Imran Lakha as the attending professor. Going through the basics of options, Lak...
The Bond Market Has Spoken. Should Investors Listen? | Joseph Wang & Harley Bassman
16 Mar 2022
Contributed by Lukas
The yield curve has flattened dramatically - should investors be worried as the curve is very close to inverting? Joseph Wang & Harley Bassman are on ...
Fed Faces "Debt Death Spiral" While Inflation Soars | Luke Gromen & Jim Bianco
13 Mar 2022
Contributed by Lukas
In today's episode of Forward Guidance, Jack Farley is joined by Jim Bianco of Bianco Research and Luke Gromen, Founder of FFTT to discuss the situati...
Gold to $10,000 in The Big Reset | Willem Middelkoop
10 Mar 2022
Contributed by Lukas
Willem Middelkoop, Founder & Chief Investment Officer of the Dutch-based Commodity Discovery Fund joins Forward Guidance to asses the macro forces dri...
Does The Fed Control The Dollar? | Jeff Snider & Joseph Wang
08 Mar 2022
Contributed by Lukas
Blockworks' Jack Farley of Forward Guidance goes LIVE with Joseph Wang and Jeff Snider to discuss the Fed's control of the dollar and recent news surr...
The "Money Illusion" Keeps the Economy Hot | Juliette Declercq
06 Mar 2022
Contributed by Lukas
In today's episode of Forward Guidance, Jack Farley welcome Juliette Declercq to a thorough investigation into what's driving our economy and how it g...
Kharkiv Under Siege Yet Russian Oil Still Flows | Jacob Shapiro
04 Mar 2022
Contributed by Lukas
Blockworks' Jack Farley of Forward Guidance goes LIVE with Jacob Shapiro to discuss the latest news and finds regarding the turmoil between Russia and...
The Central Bank Of Russia Is On The Defensive with Joseph Wang & Frances Coppola
03 Mar 2022
Contributed by Lukas
Frances Coppola and Joseph Wang break down the true implications and mechanics of sanctions against Russia. Key learnings include: 1) SWIFT isn't a pa...
How Passive HODL-ing Of Stocks Leads to Extreme Crashes | Mike Green
27 Feb 2022
Contributed by Lukas
Mike Green, portfolio manager and chief strategist at Simplify Asset Management, joins Forward Guidance to make sense of the market turmoil that has c...
Consequences of Russia's Invasion of Ukraine with Jacob Shapiro
24 Feb 2022
Contributed by Lukas
Blockworks' Jack Farley of Forward Guidance goes LIVE with Jacob Shapiro to discuss the impact of Russia's latest moves involving Ukraine. Follow Jac...
Russia/Ukraine Crisis To Cause Commodity “Doom Loop” | Jacob Shapiro
23 Feb 2022
Contributed by Lukas
*AUDIO DISCLAIMER: Mic issue during the recording led to some high levels on Jack's end. We're aware, and we're sorry! Might want to tap the volume do...
Why Inflation Will Dissipate | Bilal Hafeez
20 Feb 2022
Contributed by Lukas
Bilal Hafeez joins Jack Farley to discuss and analyse the differences between Europe and the United States on this episode of Forward Guidance. Not on...
Is a Bear Market Imminent? | Tom Thornton
17 Feb 2022
Contributed by Lukas
Tommy Thornton, founder of Hedge Fund Telemetry, brings his expertise in trading, timing, and technicals to Forward Guidance. Thornton shares with Jac...
Bank of Japan Re-embraces Yield Curve Control | Roundup
15 Feb 2022
Contributed by Lukas
Jack Farley and Joseph Wang (“Fed Guy”) tackle the latest in central banking news, from the the Bank of Japan’s (8301.T) announcement that it wo...
The Fed Won't Get their Soft Landing | Jim Bianco
13 Feb 2022
Contributed by Lukas
Jim Bianco of Bianco Research joins Jack Farley to share in-depth his framework for understanding the new interplay of inflation, the Fed, and asset p...
Financial Meltdown: The Trades Of March 2020 | Alex Gurevich
10 Feb 2022
Contributed by Lukas
Alex Gurevich, CIO of Honte Investments, joins Jack Farley to share his learnings from running a large macro hedge fund during the gut-wrenching volat...
European Bonds Throw A Tantrum | Joseph Wang
08 Feb 2022
Contributed by Lukas
Co-hosts Jack Farley and Joseph Wang (“Fed Guy”) break down the surge in European bonds in response to the hawkish shift of Christine Lagarde, Pre...
The Next Big Short: The Debt Supercycle | Vincent Daniel, Porter Collins
06 Feb 2022
Contributed by Lukas
Porter Collins and Vincent Daniels were some of the last investors to bet against the Federal Reserve and win. Over 13 years after the events of “Th...
The Fed Doesn't Care About Your Feelings | Liz Young
03 Feb 2022
Contributed by Lukas
On today's episode of Forward Guidance, Jack Farley sits down with Liz Young for a market 101 breakdown. Not only does Liz investigate some of the bro...
Will The Dollar’s Rise Crush Central Banks’ Plans?
01 Feb 2022
Contributed by Lukas
Jack Farley welcomes back former senior trader for the Fed, Joseph Wang (“Fed Guy”), to analyze an action-packed week in which global central bank...
Lessons From The Asian Financial Crisis | Russell Napier
30 Jan 2022
Contributed by Lukas
Russell Napier of Orlock Advisors joins Jack Farley to share lessons from his experience as an financial analyst in Hong Kong during the Asian Financi...
Has the Fed Abandoned Risk Assets? | Joseph Wang
28 Jan 2022
Contributed by Lukas
Jack Farley welcomes former senior trader for the Fed, Joseph Wang (“Fed Guy”) for a new show devoted to all things central banking. The two analy...
Upcoming Risks for Stocks and Bitcoin | Lyn Alden
25 Jan 2022
Contributed by Lukas
Lyn Alden of Lyn Alden Investment Strategy returns to Forward Guidance to give a much-needed update on her macro views as equity and crypto markets en...
Inflation or Recession - Which Will the Fed Choose? } Jared Dillian
21 Jan 2022
Contributed by Lukas
Is the Federal Reserve stuck between a rock and a hard place? Jared Dillian of The Daily Dirtnap argues that the monetary tightening needed to tame in...
Stock & Crypto Options Have Exploded - What’s Next? | Imran Lakha & Ming Zhao
18 Jan 2022
Contributed by Lukas
Imran Lakha and Ming Zhao join Jack Farley to make sense of how the proliferation of options has changed the investing landscape in tradfi and crypto....
The Powell Put Won't Save Stocks | Joseph Wang
14 Jan 2022
Contributed by Lukas
In this episode of Forward Guidance, Jack once again sits down with former senior Federal Reserve trader Joseph Wang, more commonly known by his monik...
Can Earning Season Save Growth Stocks? | Sam Burns
12 Jan 2022
Contributed by Lukas
In this episode of Forward Guidance, host Jack Farley sits down with Sam Burns, the founder and chief strategist of Mill Street Research. In additio...
The Crisis Brewing in Energy Markets | Tracy Shuchart
07 Jan 2022
Contributed by Lukas
In this episode of Forward Guidance, host Jack Farley and guest Tracy Shuchart discuss the tumultuous past two years of the energy market. Since 2020,...
There’s A Bubble in The Inflation Narrative | Darius Dale
04 Jan 2022
Contributed by Lukas
Darius Dale, founder of 42Macro, joins Forward Guidance to share his outlook for 2022. Dale explains why his business cycle framework, which tracks th...
Bitcoin & Gold During Monetary Climate Change | Ronnie Stoeferle
31 Dec 2021
Contributed by Lukas
On today’s episode of Forward Guidance Jack welcomes Ronnie Stoeferle, partner at Incrementum AG. Stoeferle argues that the world is already in a ne...
The Hidden Risks of Passive Investing | Steven Bregman
28 Dec 2021
Contributed by Lukas
The rise of indexation has given many investors a cheap and straightforward way to access the stock market. But now that over half of all investing do...
Former Fed Trader: Rate Hikes Will Crash Markets | Joseph Wang
24 Dec 2021
Contributed by Lukas
On today’s episode of Forward Guidance, Joseph Wang, renowned former Fed trader, shares his views and observations on our macro world. Not only does...
Felix Zulauf’s Big Calls For 2022 And Beyond
21 Dec 2021
Contributed by Lukas
On today’s episode of Forward Guidance, Felix Zulauf, a renowned macro investor known for his uncanny market timing, shares his outlook on various t...
The Bull Market In Crap Is Over | Kevin Muir
17 Dec 2021
Contributed by Lukas
Kevin Muir, author of The Macro Tourist, joins Forward Guidance to make sense of the recent choppiness in stocks, commodities, and crypto. In conversa...
Are Bonds Pricing in a Market Crash? | Alfonso Peccatiello
14 Dec 2021
Contributed by Lukas
Today’s guest, Alfonso Peccatiello, is a man with a rare insight into the macro forces driving the moves in markets which have perplexed many, but n...
Inflation Is Not Transitory, And Neither Is The Bear Market In Atrocious Companies | Harris Kupperman
10 Dec 2021
Contributed by Lukas
With fund managers keen to lock in gains from a lucrative year, the “pain trade” is here, says Harris “Kuppy” Kupperman. Moreover, pie-in-the-...
A Little Bitcoin Goes a Long Way | James Butterfill
07 Dec 2021
Contributed by Lukas
The emergence of crypto funds and exchange traded products (ETPs) has changed the game - but just how much capital is flowing into crypto via these ch...
The Unintended Consequences of Central Banks' Easy Money | William White
03 Dec 2021
Contributed by Lukas
Listeners of the Forward Guidance podcast are in for a real treat today. Jack interviews noted economist and former central banker Dr. William White, ...
Investment Strategies to PROFIT From Inflation (Not Just Hedge) | James Davolos
30 Nov 2021
Contributed by Lukas
With inflation running hot around the globe, many investors are looking to hedge against inflation. But is that the right goal? On today's episode of...
The Dollar Rises With Crypto And Gold - What Gives? | Michael Nicoletos at DAS: London
26 Nov 2021
Contributed by Lukas
When Jack Farley ran into macro investor Michael Nicoletos at the Blockworks Digital Asset Summit in London, he knew the two had to film an interview....
The Psychological Toll of Inflation | Vincent Deluard
23 Nov 2021
Contributed by Lukas
We're heading for an inflationary decade that will change society as we know it. That's according to Vincent Deluard, director of global macro researc...
How To Spot Overvalued Companies | Tobias Carlisle
19 Nov 2021
Contributed by Lukas
Tobias Carlisle, Portfolio Manager at Acquirers’ Funds, joins Jack Farley on this sixth episode of Forward Guidance to explain why he believes quali...
Is Inflation Overhyped? | Eric Basmajian
12 Nov 2021
Contributed by Lukas
Is the 40-year era of falling bond yields and low inflation coming to an end? That is the question investors have been asking themselves for months, a...
Deconstructing Macro Narratives About Inflation, Bonds, and Bitcoin | Huw Roberts, Quant Insight
05 Nov 2021
Contributed by Lukas
The world of macro investing is full of narratives: that a rising dollar threatens emerging market stocks and commodity prices; that rising bond yield...
Hunting for Hidden Financial Risks | Stephen Clapham
02 Nov 2021
Contributed by Lukas
Do balance sheets matter? Do cash flows matter? In a world where asset prices are driven by liquidity rather than fundamentals, the answer can seem to...
The Global Energy Crisis, Explained | Warren Pies
29 Oct 2021
Contributed by Lukas
The world faces an energy crisis that threatens to stop the economic recovery in its tracks. On today’s episode of Forward Guidance, Warren Pies, ...
The Unwinding of the Long Term Debt Cycle | Lyn Alden
27 Oct 2021
Contributed by Lukas
“Forward Guidance” is a show dedicated to uncovering the heart of this conundrum. Twice a week, Jack Farley will be speaking directly with fund ma...