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Milk Road Macro

Milk Road
Federal Reserve
Bitcoin
Gold
Inflation
Artificial Intelligence
Stablecoins
Housing Market
China
Interest Rates
Monetary Policy
Digital Assets
Silver
Liquidity
Oil
S&P 500
Tariffs
Stock Market
Cryptocurrency
Emerging Markets
Labor Market

Helping everyday people get smarter about macro investing. Learn how global markets impact our favourite risk assets like Bitcoin, tech stocks, and more! 🌍 Macro moves markets, get ahead of the game with Milk Road Macro Newsletter every Tuesday and Thursday, in your inbox: milkroad.com/macro/

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Latest Episodes

🧠 Capitalize on this bull market by tracking our PRO analysts' portfolios and live trades - just $1 for 7 days.⁠⁠⁠⁠⁠⁠⁠

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In this episode of Milk Road Macro, Mel Mattison joins us to break down the biggest macro trends shaping markets right no... more

🧠 Capitalize on this bull market by tracking our PRO analysts' portfolios and live trades - just $1 for 7 days.⁠⁠⁠⁠⁠⁠

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Everyone is chasing the same trades: AI stocks, SpaceX, and the biggest IPOs in history. But what if the best opportunitie... more

🧠 Capitalize on this bull market by tracking our PRO analysts' portfolios and live trades - just $1 for 7 days.⁠⁠⁠⁠⁠

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Markets are hitting new highs. AI stocks are soaring. SpaceX, OpenAI, and Anthropic are gearing up for massive IPOs. But ac... more

🧠 Capitalize on this bull market by tracking our PRO analysts' portfolios and live trades - just $1 for 7 days.⁠⁠⁠⁠

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Is the U.S. housing market much weaker than the official data suggests? Melody Wright joined Milk Road Macro after driving 3... more

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Recent Guests

Jim Bianco
Industry-leading macroeconomist and founder of Bianco Research
Bianco Research
Episode: “This Is How Every Crisis Starts” w/ Jim Bianco
Michael Nicoletos
Founder and CEO of Defy Advisors, macro strategist focused on digital assets
Defy Advisors
Episode: The Two Biggest Macro Forces Driving Markets Over The Next Decade w/ Michael Nicoletos
Andreas Steno Larsen
Financial strategist known for macroeconomics, geopolitics, and cryptocurrency analysis; founder of Steno Research; senior editor at Real Vision
Real Vision; Steno Research
Episode: Why 2026 Could End In A Massive Blow-Off Top w/ Andreas Steno Larsen
Eric Wallerstein
Principal and Chief Macro Strategist at Clock Tower Group
Clock Tower Group
Episode: Why Geopolitical Chaos Is Bullish For the US w/ Eric Wallerstein
Matthew Piepenburg
Partner at Von Greyer's AG, macroeconomist and gold advocate
Von Greyer's AG
Episode: Matthew Piepenburg: “This Is The End Of Dollar Hegemony”
Ric Edelman
Founder of Edelman Financial Engines and crypto advocate
Edelman Financial Engines
Episode: Bitcoin Is Inevitable… And Wall Street Is All-In w/ Ric Edelman
Lance Roberts
Chief investment strategist and economist at RIA Advisors; lead editor of Real Investment Report
RIA Advisors / Real Investment Report
Episode: Lance Roberts: The Bulls Are Back… But This Setup Looks Dangerous
Tavi Costa
Macro investor, strategist, and portfolio manager; founder/CEO of Azuria Capital
Azuria Capital
Episode: The Biggest Commodity Bull Market of the Decade Is Just Starting w/ Tavi Costa
Milton Berg
Veteran market analyst, CEO and chief investment strategist of MB Advisors (founded 2012)
MB Advisors
Episode: 70 Years of Market Data Says the Strongest Bullish Signal Since 2025 Just Triggered w/ Milton Berg

Host

John Gillan
Host of Milk Road Macro; long-running macro and market analysis presenter.

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Talking Points

Recent interactions between the hosts and their guests.

The Housing Crisis Already Started. The Data Just Hasn’t Caught Up w/ Melody Wright
Q: What's your updated outlook on housing cracks forming this year?
Cracks are forming with rising delinquencies and a widening gap between buyers and sellers, with distress likely to accelerate in late Q4 and into Q1 as delayed data catches up to the reality on the ground.
Stocks Keep Hitting New Highs… Even As Macro Gets Worse
Q: Is gold still a good easy trade and what about the debasement narrative?
Greer maintains gold as a core hedge with a bullish technical backdrop and notes its role as a long-term store of value amid inflationary pressures. He discusses the debasement trade as a backdrop rather than a sole driver, with gold's bull trend persisting as oil prices normalize.
Stocks Keep Hitting New Highs… Even As Macro Gets Worse
Q: What are your thoughts on the IPO wave (SpaceX, OpenAI, Anthropic) and how they might affect markets?
Greer expects IPOs to pull liquidity from the market, potentially creating second-order opportunities rather than trading the IPOs themselves. He is watching for whether IPOs mark a top or merely shift liquidity, and cautions about liquidity being diverted to new issues.
Stocks Keep Hitting New Highs… Even As Macro Gets Worse
Q: How should investors navigate the current volatile market conditions and what might 2026 hold?
Greer emphasizes reading market signals objectively, staying nimble, and avoiding dogmatic views. He suggests waiting for pullbacks and using moving averages to time entries, while acknowledging dispersion across sectors means careful stock-picking and sector rotation will dominate returns.
Why Geopolitical Chaos Is Bullish For the US w/ Eric Wallerstein
Q: How should individual investors position themselves given this macro outlook and high geopolitical risk?
Maintain a core index exposure to the US, with a flexible, to-the-margin MACRO overlay; research in-depth fundamentals, leverage AI for analysis, but avoid overreliance on it, and consider diversification across geographies while staying mindful of risk.

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Frequently Asked Questions About Milk Road Macro

What is Milk Road Macro about and what kind of topics does it cover?

Macro-focused analysis podcast exploring how global markets influence risk assets like crypto, tech stocks, and commodities. Recent episodes center on central bank policy, inflation dynamics, oil and energy shocks, and the interplay between liquidity, geopolitical events, and portfolio construction. Guests are typically seasoned macro strategists, commodity researchers, and industry analysts who offer actionable theses, trade ideas, and frameworks for navigating volatility—often including sponsor integrations and practical takeaways for listeners ranging from retail traders to institutional investors. A notable strength is the depth of macro context applied to real-time market moves, with recurring emphasis on oil, gold, copper, and AI-driv... more

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1. The Milk Road Show
2. Forward Guidance
3. Milk Road AI
4. Monetary Matters with Jack Farley
5. Raoul Pal: The Journey Man

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Milk Road Macro launched a year ago and published 95 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 Milk Road Macro?

Recent guests on Milk Road Macro include:

1. Jim Bianco
2. Michael Nicoletos
3. Andreas Steno Larsen
4. Eric Wallerstein
5. Matthew Piepenburg
6. Ric Edelman
7. Lance Roberts
8. Tavi Costa

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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