In this episode, Le Shrub joins the show to discuss the end of American exceptionalism, overexposure to Mag7 and the US dollar, and European allocators moving away from the United States. We also delve into the era of geographic diversification, the detox period in the US to lower the 10-year and more. Enjoy!
__
Follow Le Shrub: https://x.com/agnostoxxx
Follow Felix: https://x.com/fejau_inc
Follow Forward Guidance: https://twitter.com/ForwardGuidance
Follow Blockworks: https://twitter.com/Blockworks_
Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance
Forward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx
—
Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125
—
Join us at Permissionless IV June 24th - 26th. https://blockworks.co/event/permissionless-iv
__
Ledger, the world leader in digital asset security for consumers and enterprises, proudly sponsors Forward Guidance, where traditional finance meets crypto. As Ledger celebrates a decade of securing 20% of the world’s crypto assets, it offers a secure gateway for those entering digital finance. Buy a LEDGER™ device today and protect your assets with top-tier security technology. Buy now on Ledger.com.
—
Timestamps:
(00:00) Introduction
(00:02) The End of American Exceptionalism
(03:28) Trump Policies and European Response
(08:45) China's DeepSeek Moment
(13:00) Ledger Ad
(13:45) US vs. Europe
(22:52) The Role of Hedge Funds and Pension Funds
(32:53) Ledger Ad
(33:37) The Role of Hedge Funds and Pension Funds (Con't)
(35:51) US Market Flexibility vs. European Rigidity
(37:07) Risks and Opportunities in Europe
(44:51) Trading the US Detox Period
(50:26) Bond Market vs Fiscal Policies
(58:09) Final Thoughts & Main Takeaways
__
Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.