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Insights

Understand the current market trends with the latest news, strategies, and analysis.
US Economy 4 mins
04/25/2025

The Mechanics of Markets—Darius Dale & David Levenson on Pro to Pro

Darius Dale recently sat down with David Levenson to unpack what David believes are the hidden mechanics of markets, mortgage duration dynamics, and the liquidity fragilities shaping the next regime shift. If you missed the conversation, here are three key takeaways that likely have huge implications for your portfolio:

1) Mortgage Volatility Is the Acorn of the Entire Financial System

David argues that global asset markets are governed not just by central bank policy but by the reflexive interaction between mortgage and equity volatility. When mortgage rates fall, the average duration of mortgage-backed securities collapses—forcing institutions to unwind hedges and buy longer-duration Treasuries to rebalance their books. This “duration drain” fuels powerful…

US Markets 3 mins
04/11/2025

The End of American Exceptionalism?

Darius Dale recently joined Víctor Hugo Rodríguez on Negocios Televisión to discuss why markets may not have bottomed yet—and what needs to change before risk assets become attractive again.

US Economy 2 mins
04/10/2025

Tariffs: The Ultimate Stagflationary Shock?

Darius Dale recently joined Jack Farley on The Monetary Matters Network to break down why we remain bearish on U.S. equities, cautious on bonds, and are eyeing a short-term bid in Treasurys.

Global Macro 3 mins
03/17/2025

Tracking The Invisible Gorilla—Darius Dale & Hugh Hendry on Pro to Pro

Darius Dale, 42 Macro Founder and CEO, sat down with legendary macro investor Hugh Hendry to dissect the Eurodollar system, the Yen carry trade, and the potential for a global liquidity squeeze. If you missed the interview, here are three key takeaways that may have huge implications for your portfolio:

1) The Eurodollar System Fuels the Overvaluation of Everything

Hugh argues that global liquidity isn’t controlled by central banks but rather by the Eurodollar system—an unregulated, highly leveraged financial network that drives global credit expansion. For decades, foreign banks have used U.S. Treasuries, JGBs, and European bonds as collateral to create vast amounts of off-balance-sheet credit, inflating asset prices worldwide. However, as cracks emerge…

US Economy 2 mins
03/06/2025

Is Trump Crashing The Market On Purpose?

Darius Dale, 42 Macro Founder & CEO, joined Anthony Pompliano on The Pomp Podcast to break down the potential market impact of Trump’s economic policies, the Fed’s inflation dilemma, and why the…

US Economy 1 min
03/01/2025

Dale: U.S. Growth Slowing Due To Policy Uncertainty

Darius Dale, Founder & CEO of 42 Macro, recently joined Nicole Petallides on Schwab Network to break down market volatility, the resilience of the U.S. economy, and how investors should be thinking about liquidity, policy uncertainty, and positioning.

1) Liquidity is Driving Markets Higher

Despite concerns over short-term volatility, Darius sees a general uptrend in asset markets driven by accelerating liquidity—both globally and within the U.S. As the Treasury General Account (TGA) spends down and new debt issuance slows, liquidity conditions should remain supportive for risk assets. With the Fed likely ending the Treasury portion of its balance sheet runoff in the next one to two quarters, markets could see even more relief…

US Economy 3 mins
02/27/2025

Is The Fed Fighting A Losing Battle Against Inflation?

Darius recently joined Charles Payne on Fox Business to discuss why the Fed’s inflation fight is failing, the limits of traditional economic indicators, and how Trump’s potential policies could impact markets.

US Markets 3 mins
01/28/2025

How Will Trumponomics 2.0 Impact Investor Portfolios?

Darius recently joined Charles Payne on Fox Business to discuss the potential impact of President Trump’s economic agenda on asset markets, the importance of observing the market rather than predicting it.

US Markets 3 mins
01/22/2025

Will Risk Assets Crash In 2025 Like They Did In 1998?

Darius recently joined Adam Taggart to discuss the likelihood of significant deficit reduction during President Trump’s administration, a potential global refinancing air pocket, and more.