GM. This is Milk Road Macro PRO, where we bring the big picture into clear focus.
New year, new round of Milk Road Macro PRO AMAs for our Macro PRO community!
We know not everyone can attend the live AMAs so weโre sharing the recording and a written summary, as is tradition.
This does NOT replace our Monthly Macro PRO Report - this is in addition to it.
Your next alpha packed Macro PRO report is scheduled for February 2nd so be on the lookout for that.
If you want to listen, the recording is available for your viewing pleasure.
Alright, letโs go macro!
Main topics and takeaways
- 2026 macro outlook: Fiscal stimulus, monetary stance, market positioning (risk-on with more clarity than 2025).
- ISM manufacturing PMI: Why it underperformed in 2025 and why a pickup is likely in 2026.
- AI as a growth engine: How enterprise AI rollout will broaden the bull market beyond mega-cap โMag 7โ.
- Crypto outlook: Bullish case for bitcoin and ethereum vs. the S&P 500 in 2026.
- Housing stress and policy responses: the risk of a housing crisis and likely extraordinary government interventions.
- Political / institutional risk: Subpoena of Fed Chair Jerome Powell and potential market/political implications.
- Other risks: Volatility, blackโswan events, Japan bond/yen concerns, credit-access changes.
Now for the Q&A you came for. ๐๏ธ
Uh, Ohโฆ ๐ง The rest of this report is exclusive to Macro PRO and All Access members!
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WHATโS LEFT INSIDE? ๐
- Will bitcoin beat the S&P 500?
- Is the housing market cooked, or can it be saved?
- What the next market catalyst for 2026?
Upgrade your subscription today to unlock access to all of the milky insights above, PLUS:
- Monthly macro updates to help you manage investments, allocate capital, take profits, and stay ahead in macro ๐
- Live AMAs where our analysts break down the latest trends and answer your biggest questions. ๐๏ธ
- Access to the PRO Community, where you can chat directly with our analysts and fellow Macro PRO members in our private Discord. Ask questions, share ideas, and stay plugged in between reports. ๐ซ
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