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Milk Road Macro

Milk Road
Federal Reserve
Bitcoin
Gold
Inflation
Artificial Intelligence
Stablecoins
Housing Market
China
Interest Rates
Liquidity
Monetary Policy
Digital Assets
Silver
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

🎯We called Micron (217%), Bloom (130%), Hyperliquid (55%), and Galaxy (37%) before their big runs.

Want to see what we’re buying next? Join Milk Road PRO for just $1: milkroad.com/pro/?utm_medium=social&utm_source=youtube_crypto&utm_campaig... more

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🧠 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

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🧠 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

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🧠 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

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

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Michael Howell (Founder & CEO of CrossBorder Capital) joined Milk Road Macro to break down why global liquidity is slowing, w... more

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🧠 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 all-time highs. AI stocks are leading the rally. Investors are still betting on lower rates. So... wha... more

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

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In today's episode, we break down why oil prices are falling despite the closure of the Strait of Hormuz, how the bond market i... more

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Recent Guests

Mel Mattison
Writer, investor, founder, fintech executive with over 20 years of experience in financial services
Episode: The Rotation Is Coming… Here’s Where The Money Goes Next w/ Mel Mattison
Jonathan Wellum
Founder, president and CEO of Rocklinc Investment Partners Incorporated
Rocklinc Investment Partners Incorporated
Episode: The Secret To Finding Opportunities In A Crowded Market w/ Jonathan Wellum
Michael Howell
Founder and CEO of CrossBorder Capital; liquidity expert
CrossBorder Capital
Episode: Markets Are At All-Time Highs… But Liquidity Says Trouble Ahead
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

Host

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

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The MORE ShowJustin Colby, Bleav, Justin Colby
Odd Lots
Odd LotsBloomberg
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Wake Up to WealthBrandon Brittingham
Money Guy Show
Money Guy ShowBrian Preston and Bo Hanson

Talking Points

Recent interactions between the hosts and their guests.

Markets Are At All-Time Highs… But Liquidity Says Trouble Ahead
Q: What should investors consider when allocating assets in a late-speculation phase of the liquidity cycle?
In late speculation, allocate with a core 80/20 approach, focusing on core holdings while using a smaller portion for opportunistic bets; expect volatility to rise and ensure you're diversified, with commodities and cash potentially outperforming as risk appetite shifts.
Markets Are At All-Time Highs… But Liquidity Says Trouble Ahead
Q: How do Treasury buybacks and Fed actions affect market liquidity going forward?
Treasury buybacks help reduce volatility by replacing illiquid off-the-run Treasuries with newer issues, and combined with reserve management purchases, they inject liquidity that supports money markets, though this may mask underlying bond market fragility and could complicate policy responses if inflation pressures rise.
Markets Are At All-Time Highs… But Liquidity Says Trouble Ahead
Q: What does the move index tell us about liquidity and risk in the economy right now?
The move index tracks volatility in the bond market and serves as a leading indicator for liquidity health; rising move index tends to accompany tighter liquidity, while a falling move index indicates easing conditions, and this has implications for funding markets and asset prices.
The Secret To Finding Opportunities In A Crowded Market w/ Jonathan Wellum
Q: Why choose active management in a volatile market?
Active management can add value when focused, deep-dive analysis identifies companies with durable fundamentals and the ability to reinvest and grow cash flow, even if it means turnover is kept low and the time horizon extended.
The Secret To Finding Opportunities In A Crowded Market w/ Jonathan Wellum
Q: How do you balance fear of missing out on momentum with sticking to value-oriented investing?
By sticking to a disciplined, long-term investment philosophy, focusing on fundamentally solid, reasonably valued companies, and using a deep, focused research approach rather than chasing trends.

Audience Metrics

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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. Milk Road AI
3. Forward Guidance
4. The Pomp Podcast
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Milk Road Macro launched a year ago and published 96 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. Mel Mattison
2. Jonathan Wellum
3. Michael Howell
4. Jim Bianco
5. Michael Nicoletos
6. Andreas Steno Larsen
7. Eric Wallerstein
8. Matthew Piepenburg

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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