With Mark out, we have special guest filling in, Blockworks’ own Jack Farley, macro researcher and host of the Forward Guidance podcast. Jack explains how three recent events have made him think that a recession is more likely: moves in interest rates that suggest the Fed might pivot earlier than previously anticipated; the sharp fall in copper, cotton, and other commodity prices; and, most importantly, a forecast from the Atlanta Fed that real GDP for the U.S. will be negative.
Mike then makes sense of the recent series of confidence runs that have taken the crypto world by storm, and he and Jack reflect on when the digital asset bear market might relent.
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.