Forward Guidance

By Blockworks

The laws of macro investing are being re-written, and investors who fail to adapt to the rapidly changing monetary environment will struggle to keep pace. Felix Jauvin interviews the brightest mi... more

4.5

235235 ratings

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FAQs about Forward Guidance:

How many episodes does Forward Guidance have?

The podcast currently has 483 episodes available.

Forward Guidance episodes:

April 11, 2025 The Trump Put Is In The Bond Market | Weekly Roundup
This week, we discuss how we managed this insane week in markets, China and the evolving tariff strategy, and what’s going on with the bond market. We also delve into our expectations from the Fed, Secretary Bessent orchestrating policy behind the scenes, Bitcoin hitting ATHs in 2025, and more. Enjoy!

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Follow Quinn: https://x.com/qthomp
Follow Felix: https://twitter.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance
Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx

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Weekly Roundup Charts: https://drive.google.com/file/d/1cAWJKncxGgliZa54aTq08eCgn9Q-P8x1/view?usp=sharing

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Join us at Permissionless IV June 24th - 26th. Use code FG10 for 10% OFF! https://blockworks.co/event/permissionless-iv

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At Ondo, we design institutional-grade platforms, assets, and infrastructure to bring financial markets onchain. We believe that combining the best of TradFi with the best of DeFi will dramatically improve our financial system—making it fairer, faster, and more accessible to all.
Learn more about how Ondo is bringing capital markets onchain at https://ondo.finance/

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Timestamps:
(00:00) Introduction
(00:39) PMLS IV
(02:02) Navigating This Insane Market
(07:32) Key Market Drivers
(12:22) Ondo Ad
(12:48) China & Tariffs
(16:31) US Spending Problem
(20:33) Bond Market
(24:12) The Fed & Inflation
(29:40) Powell, Bessent & Fiscal
(32:39) Ondo Ad
(33:10) Navigating A Volatile Market
(38:55) Secretary Bessent Running Point
(42:50) Alternative Trade Restructuring Strategies
(48:59) Unpacking the Bond Market Put
(52:47) BTC ATHs in 2025
(56:02) Market Tailwinds
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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.
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1h 1min
April 09, 2025 Trump Is “Kitchen Sinking” The US Economy | Darius Dale
In this episode, Darius Dale of 42Macro joins the show to discuss Trump transitioning the US economy to a new paradigm, the potential for a recession and its impact on markets, and the threat of a debt refinancing air pocket. We also delve into why the Fed needs to transition to QE, how to approach portfolio allocation and risk management, and more. Enjoy!

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Follow Darius: https://x.com/DariusDale42
Follow Felix: https://twitter.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance
Forward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx

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Join us at Permissionless IV June 24th - 26th. Use code FG10 for 10% OFF! https://blockworks.co/event/permissionless-iv

—
At Ondo, we design institutional-grade platforms, assets, and infrastructure to bring financial markets onchain. We believe that combining the best of TradFi with the best of DeFi will dramatically improve our financial system—making it fairer, faster, and more accessible to all.
Learn more about how Ondo is bringing capital markets onchain at https://ondo.finance/

Ledger, the world leader in digital asset security for consumers and enterprises, proudly sponsors Forward Guidance, where traditional finance meets crypto. As Ledger celebrates a decade of securing 20% of the world’s crypto assets, it offers a secure gateway for those entering digital finance. Buy a LEDGER™ device today and protect your assets with top-tier security technology. Buy now on https://Ledger.com.

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Timestamps:
(00:00) Introduction
(00:06) Key Market Narratives
(04:03) Trump's Economic Vision
(13:28) Ads (Ondo, Ledger)
(14:39) Trump's Economic Vision (Con't)
(16:02) Technical vs. Actual Recession
(20:02) Credit Cycle and Market Positioning
(25:13) Market Pricing for Recession
(30:15) Fiscal Policy and Tax Cuts
(32:39) Ads (Ondo, Ledger)
(33:54) Federal Reserve's Mandates and QE
(37:26) Global Liquidity and Debt Refinancing
(43:50) Portfolio Construction and Risk Management
(47:34) KISS Portfolio System
(52:29) Managing Different Opinions & Systematic Investing

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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.
...more
57min
April 04, 2025 This Is What Capitulation Feels Like | Weekly Roundup
This week, Tony Greer and Jared Dillian from Macro Dirt join the roundup to discuss the fallout of Trump’s tariffs, what markets we’re eyeing during this meltdown, and how to manage risk as a trader. We also delve into commodities, tax cuts, Bitcoin’s resilience, and more. Enjoy!
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Follow Tony: https://x.com/TgMacro
Follow Jared: https://x.com/dailydirtnap
Follow Quinn: https://x.com/qthomp
Follow Tyler: https://twitter.com/Tyler_Neville_
Follow Felix: https://twitter.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance
Forward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx
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Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125
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Join us at Permissionless IV June 24th - 26th. Use code FG10 for 10% OFF! https://blockworks.co/event/permissionless-iv
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Timestamps:
(00:00) Forward Guidance x Macro Dirt
(01:32) Unpacking Trump’s Tariffs & Market Reaction
(09:56) Commodity Markets
(15:04) Federal Reserve and Economic Data
(24:27) Market Volatility and Bear Market Rallies
(25:57) Risk Management Strategies for Traders
(30:00) Gold Miners and Commodity Markets
(33:25) Tax Cuts and Tariff Implications
(37:43) Bitcoin's Resilience
(42:53) Bond Price Action
(44:53) Weekend Plans
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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.
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48min
April 02, 2025 Liquidity Is Breaking And The Economy Is Next | Michael Howell
In this episode, Michael Howell joins the show to discuss the Fed & Treasury’s hidden stimulus tapering off, why we need more liquidity in the financial system to refinance debts, and why the Fed’s QE & duration goals are unrealistic. We also delve into the dislocation between the 10-year yield and mortgage rates, what China needs to do to escape its debt deflation, global liquidity’s correlation to Bitcoin’s price, and more. Enjoy!
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Follow Michael: https://x.com/crossbordercap
Follow Felix: https://x.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance
Forward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx
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Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125
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Join us at Permissionless IV June 24th - 26th. Use code FG10 for 10% OFF! https://blockworks.co/event/permissionless-iv
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Ledger, the world leader in digital asset security for consumers and enterprises, proudly sponsors Forward Guidance, where traditional finance meets crypto. As Ledger celebrates a decade of securing 20% of the world’s crypto assets, it offers a secure gateway for those entering digital finance. Buy a LEDGER™ device today and protect your assets with top-tier security technology. Buy now on Ledger.com.
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Timestamps:
(00:00) Introduction
(00:06) Deep Dive into Bank Reserves
(03:53) Fed/Treasury Pump and Dump
(09:51) Global Liquidity and Debt Refinancing
(16:05) Ledger Ad
(16:49) Bank Reserves & Liquidity-to-Debt Ratio
(20:19) Post-GFC Financial System
(23:46) Repo Market Tensions
(35:01) Ledger Ad
(35:46) The Fed's Duration Dump and Debt Refinancing
(39:25) Yield Curve Suppression and Inflation Rates
(44:11) Credit Markets and Risk Appetite
(50:47) China's Economic Policy and Gold Strategy
(01:00:52) Bitcoin & Global Liquidity
(01:07:59) Final Thoughts
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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.
...more
1h 10min
March 28, 2025 Why Institutions Are Betting On Tokenization | LIVE Panel From DAS
In this episode, James Seyffart, Jeff Park, Robert Leshner, Ambre Soubrian, and John Mullin sit down at DAS to discuss tokenizing real world assets, how tokenization brings liquidity to assets similar to ETFs, and the opportunities around tokenized private credit, data, and more. We also delve into the next wave of institutional adoption, competing with the TradFi behemoths, and more. Enjoy!
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Follow James: https://x.com/JSeyff
Follow Jeff: https://x.com/dgt10011
Follow Robert: https://x.com/rleshner
Follow Ambre: https://x.com/ambresoub?lang=en
Follow John: https://x.com/jp_mullin888
Follow Felix: https://x.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance
Forward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx
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Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125
—
Join us at Permissionless IV June 24th - 26th. Use code FG10 for 10% OFF! https://blockworks.co/event/permissionless-iv
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Timestamps:
00:00 Introduction
02:33 Tokenizing Real World Assets
07:45 ETFs and Tokenization
14:16 Biggest Tokenization Opportunities
17:11 Tokenizing Data
20:55 Bringing the World On-Chain
24:35 Regulatory Expectations
26:47 The Next Wave of Institutional Adoption
31:59 European Market
33:16 Competing with TradFi
36:20 Institutional Adoption and Future Outlook
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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.

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40min
March 26, 2025 The Death Of American Exceptionalism? | Le Shrub
In this episode, Le Shrub joins the show to discuss the end of American exceptionalism, overexposure to Mag7 and the US dollar, and European allocators moving away from the United States. We also delve into the era of geographic diversification, the detox period in the US to lower the 10-year and more. Enjoy!
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Follow Le Shrub: https://x.com/agnostoxxx
Follow Felix: https://x.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance
Forward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx
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Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125
—
Join us at Permissionless IV June 24th - 26th. https://blockworks.co/event/permissionless-iv
__
Ledger, the world leader in digital asset security for consumers and enterprises, proudly sponsors Forward Guidance, where traditional finance meets crypto. As Ledger celebrates a decade of securing 20% of the world’s crypto assets, it offers a secure gateway for those entering digital finance. Buy a LEDGER™ device today and protect your assets with top-tier security technology. Buy now on Ledger.com.
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Timestamps:
(00:00) Introduction
(00:02) The End of American Exceptionalism
(03:28) Trump Policies and European Response
(08:45) China's DeepSeek Moment
(13:00) Ledger Ad
(13:45) US vs. Europe
(22:52) The Role of Hedge Funds and Pension Funds
(32:53) Ledger Ad
(33:37) The Role of Hedge Funds and Pension Funds (Con't)
(35:51) US Market Flexibility vs. European Rigidity
(37:07) Risks and Opportunities in Europe
(44:51) Trading the US Detox Period
(50:26) Bond Market vs Fiscal Policies
(58:09) Final Thoughts & Main Takeaways
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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.

...more
1h 0min
March 25, 2025 The Secret To Maintaining Dollar Dominance | Joseph Wang & Austin Campbell LIVE @ DAS
In this episode, Joseph Wang and Austin Campbell join the show to discuss their overview of macro after the latest FOMC meeting, the EM-ification of the United States, and how stablecoins play into the continuation of US dollar hegemony. We also delve into support for stablecoin legislation, the case against the Strategic Bitcoin Reserve & US sovereign wealth fund, and more. Enjoy!
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Follow Joseph: https://x.com/FedGuy12
Follow Austin: https://x.com/CampbellJAustin
Follow Felix: https://x.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance
Forward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx
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Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125
—
Join us at Permissionless IV June 24th - 26th. https://blockworks.co/event/permissionless-iv
__
Ledger, the world leader in digital asset security for consumers and enterprises, proudly sponsors Forward Guidance, where traditional finance meets crypto. As Ledger celebrates a decade of securing 20% of the world’s crypto assets, it offers a secure gateway for those entering digital finance. Buy a LEDGER™ device today and protect your assets with top-tier security technology. Buy now on Ledger.com.
—
Timestamps:
(00:00) Introduction
(00:11) Macro & Crypto Colliding
(01:09) Overview of Macro and FOMC Meeting
(04:25) US EM-ification
(09:39) Ledger Ad
(10:23) What is Good Fiscal & Monetary Policy?
(13:55) Stablecoins and US Treasury Demand
(19:01) Stablecoin Legislation
(23:44) Reinventing Money Market Funds
(24:29) Ledger Ad
(32:58) Strategic Bitcoin Reserve & Sovereign Wealth Fund
(36:54) Final Thoughts

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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.
...more
39min
March 24, 2025 How To Position For 2025 | Jonah Van Bourg & Avi Felman LIVE from DAS
In this episode, Jonah and Avi from 1000x join the show to discuss Bitcoin vs altcoin inflows, the Trump impact on markets, and the bull case for Bitcoin. We also delve into global liquidity, how to position for 2025, and more. Enjoy!
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Follow Jonah: https://x.com/jvb_xyz
Follow Avi: https://x.com/AviFelman
Follow Felix: https://x.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance
Forward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx

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Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125

—
Join us at Permissionless IV June 24th - 26th. https://blockworks.co/event/permissionless-iv

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Timestamps:
00:00 Introduction
00:30 BTC vs Alt Inflows
08:46 The Trump Impact On Markets
16:14 Why Have Markets Sold Off?
20:14 The Bull Case For Bitcoin
23:09 Global Liquidity
26:13 How To Position In 2025?

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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.
...more
33min
March 21, 2025 The Fed & Treasury Aren’t Backing Down | Weekly Roundup LIVE @ DAS
This week, we discuss takeaways from the FOMC meeting and SEP, the balance of Treasury and fiscal policy, and how a strategic Bitcoin reserve and stablecoins play into the United States’ goals. We also delve into the US sovereign wealth fund, our highest conviction trades, and more. Enjoy!
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Follow Quinn: https://x.com/qthomp
Follow Mike: https://x.com/MikeIppolito_
Follow Felix: https://twitter.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance
Forward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx
—
Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125
—
Join us at Permissionless IV June 24th - 26th. https://blockworks.co/event/permissionless-iv
—
Timestamps:
(00:00) Introduction
(01:08) FOMC Meeting Insights
(05:46) Treasury and Fiscal Policy
(10:26) Global Economic Dynamics
(20:06) Digital Assets and Crypto Market
(24:48) US Sovereign Wealth Fund
(30:20) Digital Asset Big Picture
(34:01) Highest Conviction Trades
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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.
...more
40min
March 20, 2025 The U.S. Debt Crisis: Why Growth Is the Only Solution | Mohamed El-Erian Pt. 2 LIVE @ DAS
In this episode, Mohamed El-Erian joins the show to discuss his Fed & QT expectations, his outlook for inflation, and the four ways the government can solve its debt problem. We also delve into stablecoins buying US debt, Bitcoin’s potential as a neutral reserve asset for global trade, the sputnik moment in Europe, and more. Enjoy!
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Follow Mohamed El-Erian: https://x.com/elerianm
Follow Felix: https://x.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance
Forward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx
—
Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125
—
Join us at Permissionless IV June 24th - 26th. https://blockworks.co/event/permissionless-iv
__
Ledger, the world leader in digital asset security for consumers and enterprises, proudly sponsors Forward Guidance, where traditional finance meets crypto. As Ledger celebrates a decade of securing 20% of the world’s crypto assets, it offers a secure gateway for those entering digital finance. Buy a LEDGER™ device today and protect your assets with top-tier security technology. Buy now on Ledger.com.
—
Timestamps:
(00:00) Introduction
(00:10) Expectations for the Fed
(02:47) Inflation Expectations
(09:38) Ledger Ad
(10:25) Tariffs & Growth
(13:20) Debt Dynamics and Fiscal Policies
(22:31) Stablecoins and Digital Assets
(25:12) Ledger Ad
(28:31) Bitcoin as a Neutral Reserve Asset
(33:00) Europe's Sputnik Moment
(37:39) Final Thoughts

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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.

...more
40min

FAQs about Forward Guidance:

How many episodes does Forward Guidance have?

The podcast currently has 483 episodes available.