Milk Road Macro

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.

Ryan Detrick, Chief Market Strategist at Carson Group with 20+ years in markets, offers data-driven macro and technical perspective. He highlights market breadth and sector rotation, resilient earnings and labor, huge AI CapEx, fiscal tailwinds, commodities and global leadership, Fed policy risks, and potential triggers for a 2026 correction.

Chris Vermeulen, technical analyst and founder of TheTechnicalTraders.com, explains why fading momentum and a rolling-over Nasdaq could presage a sharp market reset. He walks through stage-based decline dynamics, leadership cracks among mega-cap tech, and risky signs in commodities like silver and copper. The conversation covers positioning, cash management, and how to wait for clear trend signals before re-entering.

Matt Gertken, Chief Geopolitical Strategist at BCA Research, breaks down why geopolitics is the dominant macro force in 2026. He covers Iran’s instability and risks around the Strait of Hormuz. He explains how oil shocks could ripple through markets. He outlines China’s centralization, its effect on demand, and the U.S.-China AI-tech competition.

Clem Chambers, British entrepreneur and financial commentator who writes on precious metals and macro trends, unpacks why gold, silver, platinum, palladium, and copper are moving. He connects metals to geopolitics and central bank buying. He explores AI’s huge energy and metal demand, supply constraints, and why some industrial metals may stay tight.

Andreas Steno Larsen, economist and founder of Steno Research, explains why the 15-year macro playbook is broken. He warns AI is compressing SaaS, exposing private credit, and driving a rotation into hardware, energy, metals, and infrastructure. He links a big ISM surge to tax-driven CapEx incentives that could push corporate investment into 2026.

Gold and silver just experienced trillion-dollar swings. The ISM printed its biggest upside surprise in years. Stocks are grinding higher. And yet… the one signal that normally powers real bull markets still hasn’t turned. In this episode of Milk Road Macro, the team from Market Radar breaks down the macro regime that explains why markets feel completely out of sync right now and why most investors are reading the situation wrong.~~~~~🧾 Turn your crypto tax nightmare into an IRS-ready report in minutes with Summ, start free and get 20% off with code MILKROAD20:https://out.milkroad.com/Summ2026Podcast🌍 Stablecoins just got an upgrade, Bridge makes them instant, global, and dead simple for businesses:https://out.milkroad.com/Bridge2025Podcast~~~~~🔧 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 🎙Market RadarX: https://x.com/themarketradarWebsite: https://www.market-radar.com/📃 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

In this episode of Milk Road Macro, we sit down with Mark Yusko to break down how long-term wealth is created, not through predictions or short-term trades, but through a repeatable macro framework focused on innovation, infrastructure, and non-consensus thinking.~~~~~📊 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Discover crypto’s onchain S&P 500, check out Reserve’s DTFs.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠~~~~~🔧 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 🎙Mark Yusko: https://x.com/MarkYusko📃 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

Michael Green, chief strategist at Simplify and author of 'Yes, I Give a Fig', explains the passive bid and how index-driven flows reshape markets. He outlines why price discovery is distorted, how 401(k) defaults and target-date funds changed market mechanics, and the risks of flow-driven selling and systemic fragility. Quick, sharp, and focused on market structure.