The 10-year yield was back above 4.5% today, while the 30-year broke 5% again sending equities sharply lower. With the fate of President Trump’s “Big Beautiful Bill" going down to the wire, bond investors are voting with their feet. Julian Brigden, co-founder of MI2 Partners and creator of MacroCapture, joins Maggie Lake today to share his take on the budget, bonds, and whether he still thinks US exceptionalism is over. Also up for discussion: whether more pain is in store for equities, what we can expect from the summer. Spoiler alert: Julian believes the markets are extremely fragile. Are there opportunities? Yes, but also lots of risk. Follow MI2 on Substack here: https://mi2partners.substack.com/Don't miss out on future episodes - get on the list here: https://maggielake.markets/notify-meConnect with me on Twitter: https://x.com/maggielakeConnect with me on Substack: https://maggielake.substack.comWe know you get this, but gotta say it anyway - this show is for informational purposes only and is not financial advice.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.