In this episode, Capital Flows joins the show to discuss his macro philosophy & framework, why he was bullish after the VIX surge, and his views on the yield curve. We also discuss the equity bull market, whether the Fed will allow a recession, and the key drivers of bitcoin's price. Enjoy!

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Timestamps:

(00:00) Introduction

(01:59) Capital Flows Research & Strategy

(04:49) Macro Philosophy

(07:48) Macro Framework

(11:39) Bullish After VIX Surge

(15:26) Credit & Duration Risk

(18:46) Mantra Ad

(19:26) Interest Rate Expectations

(25:51) Bull Vs Bear Steepener

(27:27) What's Priced Into The Curve

(30:38) Permissionless Ad

(31:17) What's Driving The Equity Bull Market

(36:31) Upside Tail Risks

(39:31) Will The Fed Allow An Extended Recession?

(43:58) Bitcoin Price Drivers

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Disclaimer: Nothing discussed on On The Margin 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.