Forward Guidance
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 minds in finance about which asset classes they think will thrive in the financial future that they envision.Follow Felix: https://twitter.com/fejau_incFollow Forward Guidance: https://twitter.com/ForwardGuidance Subscribe on YouTube: https://www.youtube.com/@ForwardGuidanceBWFollow Blockworks: https://twitter.com/Blockworks_Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidanceForward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx
Episodes
Mentioned books
45 snips
Mar 27, 2026 • 41min
The Fed Is Trapped As Oil Drives Inflation Higher | Weekly Roundup
Joseph Wang, macro analyst and host of Monetary Macro, brings sharp takes on energy markets and monetary policy. He discusses how Middle East oil shocks raise recession odds. He unpacks the Fed’s policy dilemma, tight liquidity, banking regime shifts, and where future liquidity might come from. Short, direct, and timely.
22 snips
Mar 25, 2026 • 42min
AI Will Drive The Biggest Boom In History | Raoul Pal
Raoul Pal, macro investor and founder of Global Macro Investor, lays out big-picture shifts as AI, energy, crypto, and liquidity collide. He maps the US–China AI race, why energy and real assets constrain progress, how crypto rails and tokenized data will power AI agents, and what human value looks like amid rapid technological change.
Mar 24, 2026 • 22min
Investor Relations in the Onchain Era
A look at why many tokens lag despite market growth and how supply dynamics and cohort data reveal hidden weakness. Discussion of rising onchain revenues while prices stay flat and the resulting trust and disclosure gaps. Presentation of a new IR approach using real-time onchain data, branded portals, and managed services to standardize transparency and streamline investor evaluation.
52 snips
Mar 20, 2026 • 50min
Escalating Energy Shock Exposing Central Bank Limits | Weekly Roundup
A rundown of how energy shocks and damaged infrastructure are stressing global markets and reshaping supply chains. They discuss central bank dilemmas as rate paths shift and liquidity strains increase. Geopolitical moves and export controls are altering commodity flows and regional vulnerabilities. Markets face fragile positioning, heavy de-risking, and shifting volatility across commodities and currencies.
95 snips
Mar 18, 2026 • 48min
The Macro Chain Reaction of Oil Shocks | Bob Elliott
Bob Elliott, macro investor and Unlimited Funds founder, explains how an Iran-driven oil shock reshapes inflation, growth, and policy. He contrasts today with 2022 and past shocks, outlines how rising energy costs hit households and markets, and discusses central bank responses, bond reactions, currency winners and losers, and why markets may be underestimating second-order effects.
76 snips
Mar 13, 2026 • 56min
Why the Oil Shock Could Trigger a Global Recession | Weekly Roundup
They unpack how an oil supply shock and a fractious Iran conflict could ripple through global markets. They flag the odd bond and dollar moves, heavy options puts, and the risk that energy pain forces demand destruction. They also point to overlooked threats from agriculture, fertilizer shortages, and strained private credit.
20 snips
Mar 11, 2026 • 59min
The Global Economy Is Splitting Into Spheres | Eric Wallerstein
Eric Wallerstein, Chief Macro Strategist at Clocktower Group and former CEA/Fed advisor, unpacks how geopolitics and policy are reshaping the global economy. He discusses tariffs, the dollar and supply chains. He traces market fallout from Iran strikes, energy shocks, and AI fears. He also examines Fed balance sheet fixes, repo fragility, and why Latin America may be a strategic frontier.
93 snips
Mar 6, 2026 • 1h 6min
Is The Iran Energy Shock About To Break Markets? | Weekly Roundup
They track Iran tensions and how an energy shock could ripple through fragile markets. They dissect oil volatility, front‑month contract stress, hedging behavior and curve dynamics. They cover credit strains, private credit mark‑to‑market risks and dollar liquidity tightening. They explore bond market dysfunction, LNG outage risks and how commodities may drive policy moves.
45 snips
Mar 5, 2026 • 1h 4min
Introducing: Inflection Point | The Crypto-TradFi Convergence
Michael Mark Antonio, Head of DeFi at Galaxy Digital, bridges DeFi to institutions. Matt Hogan, CIO at Bitwise, builds crypto ETFs for institutional investors. David Lawan, head of research at Anchorage Digital, focuses on custody and trading infrastructure. They discuss TradFi moving onchain, ETF-driven market structure shifts, DeFi’s role in re-architecting finance, and evolving crypto credit, derivatives, and regulation.
36 snips
Mar 4, 2026 • 52min
The AI Productivity Boom Is Here | Luigi Buttiglione
Luigi Buttiglione, CEO of LB Macro and former central bank economist, offers a big-picture take on AI and the macroeconomy. He explores whether AI's productivity surge is durable, how it reshapes neutral rates and monetary trade-offs, the risks of heavy corporate and public leverage for an AI buildout, and why US tech-led gains may outpace Europe.
