The Market Is Risk-On… But Growth Isn’t (Yet) w/ Market Radar

Markets Are Sending a Message... And Most Investors Are Missing It w/ John Gillen

In this episode ofMilk Road Macro, John Gillen breaks down why recent macro data suggests we’re not at the end of the cycle, but potentially entering a mid-cycle re-acceleration that most investors are completely overlooking. We dive into what expanding market breadth really means, why the Russell 2000 and small-cap stocks matter more than the Magnificent 7 right now, and how key indicators like the ISM Manufacturing PMI and new orders are reshaping the macro outlook. While sentiment remains deeply negative, the underlying data points to a healthier economy, a broader bull market, and conditions that historically support risk assets.

The Government Is Engineering a Business Cycle Surge Into 2026 w/ Andreas Steno Larsen

In this episode of Milk Road Macro, Andreas Steno Larsen, explains why the macro playbook that worked for the last 15 years is broken, and why markets haven’t fully priced in the new regime we’re entering. We discuss how AI is pressuring the software-as-a-service economy, why private credit may be sitting on hidden risk, and how this is triggering a major rotation from software into hardware, energy, metals, and infrastructure. Andreas also breaks down why the recent ISM surge is not seasonal noise, but the result of a powerful tax rule that is forcing U.S. companies to ramp CapEx this year by design.

The Macro Framework for Investing in the Next Decade w/ Mark Yusko

In this episode of Milk Road Macro, we sit down with Mark Yusko to break down how long-term wealth is created, not through predictions or short-term trades, but through a repeatable macro framework focused on innovation, infrastructure, and non-consensus thinking.

The Passive Bid Explained: How Markets Move Now w/ Michael Green

In this episode of Milk Road Macro, Michael Green breaks down the passive bid, the force reshaping modern markets, and explains why price discovery doesn’t work the way most investors think it does anymore. What started as a well-intentioned shift toward index investing has quietly transformed market mechanics, distorted signals, and created a system that rewards flows over fundamentals.

Milk Road Macro PRO AMA - Jan 13, 2026

“You Will Own Nothing” Wasn’t a Warning… It Was the Plan w/ Carol Roth

In this episode of Milk Road Macro, we sit down with Carol Roth to break down the uncomfortable reality behind today’s global economic system and why the loss of ownership isn’t accidental. We explore how years of zero interest rate policy, runaway fiscal spending, and financialization have pushed everyday Americans from ownership into permanent rentership. What’s framed as convenience or progress is, in reality, a structural shift driven by policy choices, not market forces.

Your Macro Framework Is Missing the Strongest Signal in the Market w/ Caleb Franzen

In this episode of Milk Road Macro, market strategist Caleb Franzen breaks down why investors feel more confused than ever, even as markets continue to make new all-time highs.Consumer sentiment is near multi-decade lows. Recession fears are everywhere. Yet retail stocks, discretionary stocks, earnings, and market breadth are all signaling strength.

2026 Will Be a Roller Coaster Market (Here’s How to Survive It) w/ Michael Lebowitz

In this episode of Milk Road Macro, portfolio manager Michael Lebowitz breaks down why passive investing may fail, why volatility is returning, and how investors should think about risk management, portfolio rotation, and survival strategies in the year ahead.

Trump vs Powell: The Battle That Could Break the Fed w/ James Lavish

In this episode of Milk Road Macro, James Lavish joins us to break down the escalating conflict between President Trump and Federal Reserve Chair Jerome Powell and why this battle could threaten the stability of the U.S. financial system.

Jim Bianco Explains Why 2026 Marks the End of the Old Economic Playbook

In this episode of Milk Road Macro, legendary macro analyst Jim Bianco breaks down why 2026 is shaping up to be a regime change, not just another turn in the cycle. From immigration-driven population shifts to sticky inflation, AI-driven productivity, and a Federal Reserve with no clean exit, the old models investors lean on are starting to fail.

How Grift, Fraud, and Debt Are Creating The Biggest Housing Crisis of All Time w/ Melody Wright

In this episode of Milk Road Macro, housing market analyst Melody Wright breaks down why today’s housing crisis isn’t about interest rates or supply shortages… but about grift, policy distortion, and hidden debt that have quietly warped the system over the last decade.

2026 Macro Outlook: The Market Is Sending a Warning After a 3-Year Rally w/ Mark Newton

In this episode of Milk Road Macro, Fundstrat’s head of technical strategy Mark Newton reveals why 2026 is set to be a "choppy" year of consolidation rather than collapse—and identifies the exact months to buy the dip for the next multi-year bull run.

Why 2026 Will Be a Volatile, Politically Driven Market w/ Mel Mattison

In this episode of Milk Road Macro, fintech executive and investor Mel Mattison exposes the plumbing of the financial system - from "shadow" QE to the collateral crisis lurking behind tokenization - and explains why 2026 will be a stock picker’s market where the easy money has already been made.

2026 Liquidity Outlook: Is the Global Liquidity Cycle Past Its Peak? w/ Michael Howell

In this episode of Milk Road Macro, the godfather of global liquidity breaks down what’s actually driving markets beneath the surface, and why 2026 could look very different from what most investors expect.