Joseph Wang & Alex Etra: A Monetary Plumbing Deep Dive Post-Debt Ceiling Resolution

On today's episode of Forward Guidance, Alex Etra Senior Macro Strategist at Exante Data & Joseph Wang CIO at Monetary Macro join the show for a discussion on the path ahead for H2 2023. 
Reflecting on the record bond losses in 2022, Alex shares his outlook on what to expect in the second half of 2023 as bond fund managers experience inflows and tech related equities continue surging higher despite the bearish sentiment in the broader market. 
We then move on to some of the monetary plumbing implications amidst the debt ceiling resolution and what impact it could have on markets as the U.S Treasury looks to re fill is dwindling Treasury General Account. To hear all this & more. you'll have to tune in!--Use code GUIDANCE20 to get 20% off Permissionless 2023 in Austin:https://blockworks.co/event/permissio...
Research, news, data, governance and models – now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/--Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter:https://rb.gy/5weeyw
Market commentary, charts, degen trade ideas, governance updates, token performance, can’t-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos--Timestamps:00:00 Preparing For June FOMC05:23 Will The Fed Hike, Skip Or Cut?07:25 Back To 201910:35 Permissionless11:13 The Mechanics of The Treasury Cash-Futures Basis Trade19:07 The Path Ahead In H2 202325:47 Reflecting On The Bond Markets Performance In 202234:21 Will A New Investor Class Replace Japanese Investors?38:31 Equity Flows43:46 Blockworks Research44:46 Why Are Equity Markets Performing So Well In 2023?51:51 The Mechanics of The U.S. Treasury, General Account01:01:04 Quantitative Tightening: Is The Reverse Repo Heading Higher?01:05:32 How Alex Tracks Market Flows--Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.