Milk Road Macro

Craig Fuller, founder and CEO of FreightWaves and a trucking data expert, explains why real-time freight signals are turning bullish. He talks about rising freight volumes, tightening trucking capacity, the truckload rejection index, flatbed demand as an industrial comeback signal, and how reshoring and regulatory shifts could spark a prolonged trucking boom.

Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, gives a data-driven look at how stablecoins could pull $1 trillion of capital and unsettle global banks. He discusses dollar stablecoins drawing emerging market deposits, tokenized money market growth, corporate treasury use for cross-border payments, and why Ethereum may benefit as TradFi moves on-chain.

Jordi Visser, macro and AI-focused analyst who leads AI Macro Nexus research at 22v Research and founded Visser Labs. He explains a massive economic transition driven by AI, rising commodity and compute demand, and private credit stress. He discusses oil spikes, why software moats may erode, rotation into commodities and semiconductors, and how liquidity shocks could reshape markets.

In today’s episode of Milk Road Macro, we sit down with macro strategist Steve Van Metre to break down what’s really happening beneath the surface of the market… and why this could be the early stages of a much bigger move. From systematic selling and CTA flows to rising oil prices and weakening consumer demand, this episode connects the dots between macroeconomics, market structure, and investor behavior. The result? A potential domino effect that could push stocks lower in the weeks ahead.~~~~~⚡Wealth is evolving, use Nexo to earn, borrow, and trade crypto all in one secure platform.~~~~~🔧 Tools & Channels⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠🥛 ⁠Free Milk Road Newsletters.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠🥛 ⁠Go PRO and become a better investor.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠~~~~~✊ Follow Milk Road Macro on Social Media:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 Milk Road X⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 Spotify⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 Apple Podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠~~~~~🎙 GUEST INFO 🎙Steven Van MetreX: https://x.com/MetreStevenYouTube: https://www.youtube.com/@stevenvanmetre5087📃 Disclaimer 📃The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses

Peter St Onge, PhD economist and Heritage senior fellow who makes data-driven macro videos, breaks down rising oil prices and recession risk. He explains how oil shocks have triggered past downturns and what scale would matter today. Discussions cover global exposure to shortages, geopolitics with Russia and China, labor-market signals, AI’s hiring effects, and portfolio hedges for war and tech shifts.

Nicky Shiels, Head of Research and Metals Strategy at MKS PAMP, offers sharp market analysis and price forecasts for precious metals. She breaks down oil’s surge and geopolitics reshaping commodities. She outlines gold’s long-term cycle, a $6,000 target, and why silver and platinum diverge. She explains how deglobalization and supply struggles could ignite a global commodity scramble.

David Brickell, finance and macro trading veteran turned crypto pro, explains how wars, debt and central bank moves shape markets. He argues geopolitical shocks often lead to more liquidity and asset price support. He discusses why Bitcoin can benefit in multiple macro scenarios, oil and commodity reactions, and how institutional adoption and liquidity sources are evolving.

Keith McCullough, founder of Hedgeye and macro strategist, joins to unpack market moves after the US-Israel strike on Iran. He discusses oil’s breakout, gold and bond trends, the GIP framework and stagflation signals. Expect talk on AI’s disinflationary potential, crypto flows, and which assets may win or lose as policy pivots.

Sal Gilbertie, veteran commodities trader and CEO/CIO of Tucrium Trading, brings decades of market and ETF experience. He explores why real assets are regaining focus in 2026. He discusses geopolitics shaping soy and grain markets. He connects AI and electrification to copper and power demand. He also explains commodity ETFs, leverage risks, and tokenization moves like XRP.

Michael Pento, president of Pento Portfolio Strategies and macro author, warns of a simultaneous bubble in stocks, housing, and debt. He explains why markets look fragile heading into 2026. He describes defensive portfolio moves, sector risks, and where he sees opportunity in energy, gold, and short-term Treasuries.