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Artwork for Forward Guidance

Forward Guidance

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

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 weeklyEpisodes620Founded5 years ago
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InvestingBusinessBusiness NewsNews

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Artwork for Forward Guidance

Latest Episodes

Washington is shifting from monetary management toward state-directed capitalism and the consequences could reshape where capital flows next.

This week, Tyler joins us for his final roundup before heading to Shoten Capital, unpacking the shift towar... more

Markets are relearning that durable wealth comes from disciplined risk management, not chasing momentum or relying on central bank intervention.

This week, we're joined by Jared Dillian, editor of The Daily Dirtnap and author of The Awesome Portfoli... more

AI’s leverage-fueled boom is colliding with a Fed determined to tighten conditions without touching short-term rates.

This week, we dig into the Situational Awareness liquidation, the Fed meeting, and whether markets have reached a genuine growth in... more

YouTube

AI’s next phase hinges on a paradox: falling costs could threaten today’s winners while unlocking far greater demand.

Steve Hou, head of research at Silicon Data and former Bloomberg strategist, joins us to examine the changing economics of AI compu... more

YouTube

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Recent Guests

Jared Dillian
Editor of The Daily Dirtnap; author of The Awesome Portfolio
The Daily Dirtnap / Author
Episode: The Portfolio Built To Survive Every Crash | Jared Dillian
Steve Hou
Head of Research at Silicon Data
Silicon Data
Episode: AI Efficiency Is Repricing The Compute Market | Steve Hou
Bob Sheehan
Founder/Head of Lighthouse Macro, macro researcher
Lighthouse Macro
Episode: How To Trade The New Warsh Fed | Bob Sheehan
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
Governor Miran
Federal Reserve governor discussing macro policy and recent FOMC developments
Federal Reserve
Episode: Fed Governor Miran on Why Inflation Fears Are Overstated
Stephen Moran
Federal Reserve Governor
Federal Reserve
Episode: The Fed Is Trapped As Oil Drives Inflation Higher | Weekly Roundup
Eric Wallerstein
Chief Macro Strategist at Clocktower Group
Clocktower Group
Episode: The Global Economy Is Splitting Into Spheres | Eric Wallerstein
David LaJuan
Head of Research at Anchorage Digital
Anchorage Digital
Episode: Introducing: Inflection Point | The Crypto-TradFi Convergence

Host

Felix Jauvin
Host of Forward Guidance

Reviews

4.6 out of 5 stars from 1.1k ratings
  • đź’Ż4Lyfe

    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 States2 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
    Australia3 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 States3 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 States8 months ago
  • Should change the name to Upward guidance.

    I’m sorry. I admit I am an older guy and I’ve tried to listen to this podcast, but I just cannot last longer than a couple of minutes. I don’t doubt the knowledge of these young fellas. However,

    the “uptalking”, sentence after sentence, drives me insane. It sounds like a bunch of 13 year old girls talking about finance with their voice tone lowered with AI.

    Please, for the sake of your older listeners, learn to speak normally and not like you live in a Starbucks 50 hours a week. Am I the only o... more

    Apple Podcasts
    1
    jack mule
    United States9 months ago

Listeners Say

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

High regard for guests who provide actionable macro insights.
Insightful macro analysis with blunt host delivery and strong guests.
Mixed reactions to format changes and host style, but consistently solid content.
Long-form rounds of expert commentary are valued by investors seeking frameworks.
Listener enthusiasm for high-signal market discussions and guest expertise.

Chart Rankings

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

Apple Podcasts
#81
United States/Business/Investing
Apple Podcasts
#58
United Kingdom/Business/Investing
Apple Podcasts
#88
Canada/Business/Investing
Apple Podcasts
#175
United Kingdom/Business
Apple Podcasts
#242
Canada/Business
Apple Podcasts
#96
Australia/Business/Investing

Talking Points

Recent interactions between the hosts and their guests.

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.
The Fed Is Losing Its Easing Bias While AI Props Up The Economy | Neil Dutta
Q: How significant is the AI data center boom for the economy?
It's the biggest CapEx boom the guest has seen, with potential to boost GDP and employment, but a slowdown could undermine equity markets and consumer spending, creating macro risks

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?

A high-velocity macro investing discussion featuring top monetary policy, liquidity, and AI-driven growth themes. Episodes routinely dissect Fed policy, yield curves, oil and energy dynamics, geopolitics, and the evolving role of AI in productivity and financial markets, often with a sharp, opinionated roundtable format. Notable is a mix of veteran macro commentators, AI/tech investors, and geopolitical analysts, plus occasional human-interest through-lines that add a relatable touch to dense market conversations. The show tends to favor pragmatic, data-driven perspectives on how policy, technology, and capital flows reshape asset prices and investment strategies, making it a strong fit for listeners who want actionable macro insights and d... 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. The Market Huddle
4. Thoughtful Money with Adam Taggart
5. Wealthion - Be Financially Resilient

How many episodes of Forward Guidance are there?

Forward Guidance launched 5 years ago and published 620 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. Jared Dillian
2. Steve Hou
3. Bob Sheehan
4. Jan Szilagyi
5. Jacob Shapiro
6. Governor Miran
7. Stephen Moran
8. Eric Wallerstein

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