Welcome to the latest Macro PRO AMA, recorded live on Tuesday, February 10th.
This is a monthly live session exclusive to Macro PRO and PRO All Access subscribers, where you get to pick the brain of John Gillen, a former BlackRock VP, in real time on our Discord server. Think of it as your direct line to a macro expert: you submit your biggest questions about rates, inflation, the dollar, recession odds, or anything macro, and John breaks them down live.
Want to get your question answered next time? Submit it anytime using this form. John answers questions live during each session, which happens every second Tuesday of the month at 11:00 a.m. ET in the PRO Discord.
Here's what John covered in this one:
- Why the current mix of a falling dollar, low inflation, and rising ISM Manufacturing PMI creates what he calls a "perfect cocktail" for a bull run, even though price action hasn't caught up yet.
- His take on the Bitcoin four-year cycle and why macro conditions like economic acceleration matter more than halving calendars.
- The "Agentic Economy" thesis: how billions of AI agents could end up settling transactions on Ethereum, and why that makes him bullish on ETH when almost nobody else is.
- Why the popular theory that derivatives are suppressing Bitcoin's price is a myth, and what's actually driving the correlation with software stocks.
