The Near Future for Macro

Darius Dale, CEO of 42 Macro, discusses the future of macro in the near term and how markets will react in the persistent inflationary regime. In a brilliant in-depth look at asset class positioning with reflation and stagflation pressures, Dale discusses his macro framework with Tony Greer of TG Macro based on proprietary models of highly probable scenarios for the U.S. economy and financial markets. The Fed's path to tapering seems to be accelerating and yields remain phenomenally low. The bull market isn’t over, and Dale explains why he’s long crude oil, crypto, and mega-cap stocks. Dale also warns: “The biggest bubble I see is the bubble of narratives. There are a lot of narrative-based investments now. I think the narrative machine will be different a year from now.” Greer and Dale emphasize the importance of defensive positioning based on a long-term inflationary outlook. Recorded on November 18, 2021

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The Macro Endgame

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[WadeAltersConsulting]

This is a great conversation! Love both these guys with Ash but the two together are awesome as well! Let's get more of these!!!

[bastion]

Gosh i need to watch this conversation a couple times there was so much to unpack - very cool discussion thanks Tony great interview. Darius' perception on economic shift is exceptional

[tylersampson]

Darius D and Tony G lookin respectable af been following D for 2 years and T for 1

[nthatguy]

Love the talk, love the tone. Well worth my time. Thanks guys

[andrewstewart]

Wow! As a newbie to finance, Real Vision is a high quality product. I am really enjoying and learning! Thanks to the team over there!

[ChrisThompson]

i love both of their approaches to the market

[MsTyrie]

Notably, the air date (11/24) was the day the first news of the Omicron variant emerged from S. Africa. It would be unfair to quibble about Darius' projections since he (like all of us) don't know what countervailing factors might be right around the corner. But I'd be VERY curious if his projections for inflation/rate hikes would be different now.

[martinmarier]

Very interesting conversation between two great analyst, pros like TG and DD.

[cosmothewonderdog]

So much knowledge. I’ll have to watch this again.

[MrHansBattle]

Great conversation guys, thanks so much. Enjoyed.

[bradj]

Long overdue to hear Darius’s background. Awesome story! 🎵“Momma!”🎵

[lancechapman]

Every now and then, Darius reminds me that my math skills are only better than average.

[gustavis]

Another theory that has more valid assumptions is, that inflation is going to increase dramatically. Remember OER is about 1/3 of the weighting. CPI has rent increases only at ~3%, real number is over 15%. Change that one metric and CPI is about 12%.

[padraigcanavan]

Flipping heck this convos r super...

So the gold dumper was Turkey?

[ericfrith]

Model interview, both parties. Thanks, gents.

[CloverPickingHarp]

TG and DD looks like Christmas 🎄 isn't over yet Lads!

[CloverPickingHarp]

Can anyone recommend a layman's book or books to macro that's interesting?

[bloodbathmcgrath]

The federal reserve often releases info on whether central banks are buying or selling gold.

[raylopez]

@3:53 the video plays twice. I've had this happen on a phone conversation too, with packets of data and voice over IP you an get a guy who appears to be saying the same thing twice, and it will last up to 30 seconds sometimes, which makes you think the speaker is smoking something.

[stevemartyn]

Darius also learned from Keith McCullough at Hedgeye😀