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Artwork for Forward Guidance

Forward Guidance

Blockworks
Federal Reserve
Inflation
Bitcoin
Tariffs
Interest Rates
Monetary Policy
Labor Market
Artificial Intelligence
Gold
Economic Growth
China
Fiscal Policy
Stablecoins
U.S. Economy
Crypto
Cryptocurrency
Bond Market
United States
AI Capex
Stock Market

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: twitter.com/fejau_inc Follow Forward Guidance: twitter.com/ForwardG... more

PublishesTwice weeklyEpisodes629Founded5 years ago
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InvestingBusinessBusiness NewsNews

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Artwork for Forward Guidance

Latest Episodes

Can policymakers keep the AI boom alive without squeezing the rest of the economy?

This week, Aidan Garrib, PGM Global’s head of global macro strategy and research, joins us to explore the widening divide between Wall Street and Main Street.

We dis... more

The 10-year just closed at 5.22%, but the pain trade may be even higher.

This week, 40-year rates trading veteran DCP joins us as we examine the bond selloff and what it would take to actually break something and flip the pain trade in bonds.

We ex... more

What happens when the Fed hikes into fading stimulus, slowing growth, and persistent inflation?

This week, we're joined by Vincent Deluard of StoneX Group to explore America’s emerging stagflation trap, AI’s economic support, and Europe’s potential ... more

Historically low volatility may be masking a meaningful shift in market risk and the AI trade.

This week, Macro Risk Advisors CEO and Alpha Exchange Host Dean Curnutt explains why unusually low stock correlations make tail hedging increasingly compe... more

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Recent Guests

David Cervantes
Fixed income professional, also known as DCP
Independent / Fixed income veteran
Episode: The Bond Market Pain Isn't Over | Weekly Roundup
Matt Hougan
CIO of Bitwise
Bitwise
Episode: Fiscal Dominance Is Breaking The 60/40 Portfolio | Matt Hougan & Bob Haber
Bob Haber
Founder, Partner and CIO
Proficio
Episode: Fiscal Dominance Is Breaking The 60/40 Portfolio | Matt Hougan & Bob Haber
Darius Dale
Founder of 42 Macro
42 Macro
Episode: The Growth Strategy Trapping The Fed | Darius Dale
Brent Donnelly
President at Spectra Markets
Spectra Markets
Episode: Think Like Everyone Else, Lose Like Everyone Else | Brent Donnelly
Bob Sheehan
Founder/Head of Lighthouse Macro, macro researcher
Lighthouse Macro
Episode: How To Trade The New Warsh Fed | Bob Sheehan
Steve Hou
Senior Quant Researcher at Bloomberg
Bloomberg
Episode: The AI Bubble Is Widely Misunderstood | Steve Hou
Jan Szilagyi
CEO and co-founder of Reflexivity
Reflexivity
Episode: How the World’s Biggest Macro Hedge Funds Are Using AI | Jan Szilagyi
Jacob Shapiro
Independent geopolitical analyst; host of the Jacob Shapiro Podcast and Geopolitical Cousins
Self-employed
Episode: The Iran War is Accelerating the End of Globalism | Jacob Shapiro

Hosts

Felix Jauvin
Host of Forward Guidance, turns macro insights into accessible market commentary.
Quinn
Host and analyst contributor providing market commentary and analysis.

Reviews

4.6 out of 5 stars from 1.1k ratings
  • The “I don’t know “ podcast

    If there was a drinking game where we had a drink every time we hear ‘I don’t know’ we’d be hammered.

    Too much supposition presented as facts. I greatly regret spending the time listening.

    Apple Podcasts
    1
    unable2findam
    United States3 months ago
  • 💯4Lyfe

    Listening to guys like this try (a little) and (completely) fail to conceptualize the lived experience of anyone besides themselves and their rich friends is….very funny. Hundred percent!

    Apple Podcasts
    1
    Babbling101
    United States4 months ago
  • Round-up is king

    My favourite pod is weekly FG round-up. I love the vibes, immaculate- great energy. The show has taught me so much.

    Felix mogs Tyler, Quinn mogs both. Keep it up lads.

    Apple Podcasts
    5
    Aus dude 12
    Australia5 months ago
  • Lots of backfilling to make Trump look strategic

    There are certainly some insightful things on the show, but there is a LOT of work to justify destructive policies and try to make Trump look like some strategic genius.

    Apple Podcasts
    2
    GhostfaceRob216
    United States5 months ago
  • MAGA Perspective

    Great if you want the MAGA perspective on markets where election fraud was real and everything is Biden’s fault

    Apple Podcasts
    1
    mksp3
    United States10 months ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Mix of data-driven content with timely policy context.
Strong guest lineup and high-quality interview techniques.
Insightful and blunt macro analysis with practical takeaways.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Talking Points

Recent interactions between the hosts and their guests.

The Market Is Mispricing A Correlation Shock | Dean Curnutt
Q: Okay, is there a true 'holy grail' where you can be long volatility and paid for carry at the same time, or is that largely illusory given how insurance costs money in financial markets?
The concept is appealing, but in practice there is no free insurance; you can structure trades to be paid for carry in some scenarios, yet you must size and time them so you survive periods of stress. The approach often combines selective optionality with disciplined risk budgeting to align carry with the potential payout, rather than expecting free protection.
AI Efficiency Is Repricing The Compute Market | Steve Hou
Q: How do you expect the balance between frontier models and open models to evolve for end users?
Frontier models may retain margin in the near term, but overall demand and enterprise adoption will be driven by the ability to route tasks to the most cost-effective model, increasing usage of cheaper open-weight models while frontier models handle high-value tasks.
How To Trade The New Warsh Fed | Bob Sheehan
Q: What does the shift away from explicit Forward Guidance imply for interpreting data like CPI, PCE, or NFP?
The absence of steady guidance means data releases will be parsed with greater emphasis on their pure numerical signals and historical context, rather than trying to infer policy intent from the Fed's communications. This requires a broader view of how numbers move markets, including the influence of balance sheet dynamics and external factors, and a more nuanced approach to pricing the curve.
How To Trade The New Warsh Fed | Bob Sheehan
Q: How are you thinking about data releases and their role now that the Fed guidance is reduced or absent?
I'm pushing a framework that weighs the historical significance of data releases while reducing reliance on Fed rhetoric. Rather than trading on every number, I test each release against history to gauge its impact, recognizing that the absence of clear guidance makes data more ambiguous and warrants a flexible, probabilistic assessment rather than a fixed expectation.
How To Trade The New Warsh Fed | Bob Sheehan
Q: Walk me through how you get to the point about the Fed put being dead and how you're thinking about it after the meeting.
The idea is that the market used to rely on the Fed to backstop risk assets during selloffs, but Warsh has signaled that this kind of backstop is unlikely to reoccur in the same way, shifting the dynamic from a Fed-driven floor to a regime where policy is more data-driven and less predictable, which increases market volatility and requires a more thoughtful, data-backed approach.

Audience Metrics

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Frequently Asked Questions About Forward Guidance

What is Forward Guidance about and what kind of topics does it cover?

Macro-focused discussions with a house of regulars who dissect monetary policy, central bank signaling, and macro regimes, often tying policy moves to asset allocation and market structure. The show regularly pivots around the Fed, Warsh-era balance sheet dynamics, AI-related spend and disruption, and regime shifts that influence volatility, sector bets, and hedging strategies. Notable strengths include data-driven frameworks, guests who are seasoned macro thinkers, and a pragmatic, risk-conscious approach to investing across regimes. Listeners are likely traders and investors seeking actionable macro context, nuanced policy interpretation, and real-world portfolio implications, with occasional banter and topical politics coloring the analy... more

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Which podcasts are similar to Forward Guidance?

These podcasts share a similar audience with Forward Guidance:

1. Monetary Matters with Jack Farley
2. Macro Voices
3. Thoughtful Money with Adam Taggart
4. The Market Huddle
5. Wealthion - Be Financially Resilient

How many episodes of Forward Guidance are there?

Forward Guidance launched 5 years ago and published 629 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Forward Guidance?

Recent guests on Forward Guidance include:

1. David Cervantes
2. Matt Hougan
3. Bob Haber
4. Darius Dale
5. Brent Donnelly
6. Bob Sheehan
7. Steve Hou
8. Jan Szilagyi

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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