Trump Vs The Fed: The Battle Over Rates, Growth, & Inflation | Weekly Roundup
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Scale is the blockchain that's truly built different. Explore more at scale.space/ecosystem, and follow them on x@scalenetwork. Hey, everyone. Before we get into the show, just some quick housekeeping notes here. We're conducting an audience survey of the forward guidance audience, and we're just trying to gather feedback on what are some of your favorite parts of the show, what could you see improved, and what's your general vibe of things so that we can try and improve it. So the link to the survey is in the show notes. So if you could fill it out, that would really help us with improving th
gonna be fun. I know. This will be this will be cool.
So I'm glad glad to be here. I'm still getting in this Thursday routine. Tyler, like, threw us off of it, and then he ditches. Says, hey, guys. We're gonna move this to Thursdays, and then we that he stops that he pitches us.
Yeah. Yeah. Dad dad thinks. Who knows? Yeah. We're recording now these days at, just on Thursday. So a little slow switch up there. But, yeah. K, guys. So, obviously, there's a lot going on in markets right now, and a lot of it has to do with, you know, we're we're week 1 into the Trump presidency, and there's a lot of expectation built up into everything that was gonna occur. And now the rubber is starting to meet the road. We're starting to get these executive orders. Just in the last half hour, we just got, like, a span of new executive orders and headlines and, lots to talk about. But the
Yeah. So this is really interesting because in December, one of the things that I was talking about, and I think we even talked about in the podcast or maybe we talked offline. I forget which one it was. We just kind of went over how Powell kind of, like, flipped the script a little bit. They revised up PCE. They did all these other little things in, like, PCE. And his conversation, specifically, when he came out of the press conference, pushed down markets. Right? And so that, you know, was interesting because we just had all of these cuts that, you know, brought the, you know, fed funds down
Quinn, what's your thoughts on the the current tension between the executive orders we've seen so far and and what was expected?
I'm sympathetic to the view that the fact that we went from an administration that is vehemently opposed to digital assets to one that is vehemently for digital assets is, like, phenomenally bullish. But I guess where I kinda am right now is that's why I was, like, giga bold up in September, October, you know, and and November. And it, like, the question you have to ask yourself is it has that thesis played out or is it still in front of us? And there's definitely things still in front of us, but their timing is important and positioning is important. And to me, reading through that executive
The the big thing for me is is definitely the timing aspect and just comparing, like, the what's priced into the expectations. So it's actually quite interesting. Like, we we saw a new high on the spot yesterday, but before that, we've seen this, like, weird month, you know, in the lead up of of the Trump inauguration, where there's quite a bit of volatility. And it's it's somewhat resolved itself, and we started to see this grind higher. And then you compare what's been going on in the crypto world where it feels like there's a lot more headline risk because so much of the price action I feel
You know, I mean, we'll see how it plays out. It's gone against me, like, half this week for sure. But, I've had I've been I've been running some shorts, but I the main idea is that you know, I
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