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Milk Road Macro

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

PublishesDailyEpisodes89Founded10 months ago
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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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🧠 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 the intersection of global geopolitics and artificial intelligence is creating a massive m... 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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Andreas Steno Larsen joined us on Milk Road Macro to break down why the bond market might have entered a structural bear market... more

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

~~~~~

We sat down with macro strategist Eric Wallerstein on Milk Road Macro to break down why geopolitical chaos might actually be fue... more

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Recent Guests

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
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
Bob Elliott
CEO and CIO of Unlimited Funds; former Bridgewater analyst
Unlimited Funds
Episode: The Old Market Regime Is Dead: Why Portfolios Are Misaligned in 2026 w/ Bob Elliott
Olly Hansen
Head of commodity strategy at Saxo Bank
Saxo Bank
Episode: The Commodity Crisis Playbook: Position Before It’s Too Late (From A 20-Year Veteran) w/ Ole Hansen

Host

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

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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.
Why Geopolitical Chaos Is Bullish For the US w/ Eric Wallerstein
Q: Why do you see a potential fragmenting of the EU, and which countries might benefit from a more bilateral approach with the US?
Europe could diverge as defense spending, fiscal policy, and economic priorities drift; countries outside the eurozone with more autonomy, like Poland, Sweden, and Norway, may benefit from stronger US ties and bilateral trade deals.
Why Geopolitical Chaos Is Bullish For the US w/ Eric Wallerstein
Q: What headline out of the Trump–Xi meeting caught your attention, and what does it mean for the US–China relationship?
The meeting reinforced the importance of trade lines and Taiwan policy; while some strategic statements could imply tensions, the core takeaway is that the US–China relationship remains interlinked, with Taiwan capabilities and supply chains remaining central to both sides' calculations.
“There Is NO Evidence To Be Bearish Right Now” - Mark Newton
Q: What are your thoughts on oil and energy now that oil has pulled back from recent peaks—top or near-term peak for crude?
Oil looks like it has topped for now, with crude momentum turning negative and key support around $79; a move down toward $60 is possible if downside momentum continues, and energy may underperform in the near term.
“There Is NO Evidence To Be Bearish Right Now” - Mark Newton
Q: Do you think the strength from the MAG7 can continue, or is this an overshoot that will revert?
I think there will be a broadening out over time, though MAG7 leadership may pause or consolidate; a 3-5% correction is plausible, especially as the sector moves into mid-May, before rotations allow other groups to participate.

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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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Which podcasts are similar to Milk Road Macro?

These podcasts share a similar audience with Milk Road Macro:

1. The Milk Road Show
2. Forward Guidance
3. The Julia La Roche Show
4. Milk Road AI
5. Monetary Matters with Jack Farley

How many episodes of Milk Road Macro are there?

Milk Road Macro launched 10 months ago and published 89 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. Michael Nicoletos
2. Eric Wallerstein
3. Matthew Piepenburg
4. Ric Edelman
5. Lance Roberts
6. Tavi Costa
7. Milton Berg
8. Bob Elliott

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