Playable Characters Show with Brandon Gentile Luke Gromen: Fed's Nightmare Is Here & About To Reprice ALL These Assets
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Mar 11, 2026 
Luke Gromen, veteran macro strategist and founder of FFTT with 30+ years in equity research. He connects energy, sovereign debt, and monetary systems. He discusses bond market fragility and how oil shocks can reprice yields. He explains geopolitical moves that affect the yuan and global oil flows. He explores Bitcoin as a liquidity alarm and how AI-driven deflation could force massive monetary responses.
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Persistent Conflict Raises Oil Yields And Pressures Stocks
- Prolonged geopolitical conflict tends to lift oil and yields while pressuring equities.
- Gromen's working hypothesis: the longer the Iran-related war drags on, the higher oil and yields go, forcing equities lower and increasing financial stress.
Stop And Reassess When Your Case Is Violated
- Pause and re-evaluate when core assumptions are directly violated by market data.
- Gromen sold Bitcoin after whales dumped and charts violated his multi-year expectations, then waited for clearer signals before re-entering.
AI Could Force Massive Fed Monetization
- AI's deflationary pressure could force the Fed to monetize vast amounts of debt eventually.
- Gromen envisions a Fed balance sheet potentially expanding by tens of trillions to backstop consumer credit and the banking system if AI collapses prices.