Pro Macro: In Focus – The Bus Is On The Horizon

Published on: January 21st, 2022

Raoul is waiting for the macro bus to arrive. It has been spotted on the horizon…


  • DG
    Darren G.
    21 January 2022 @ 21:07
    Another great read Raoul, beautifully easy to read and understand. Thanks.
  • vt
    vadim t.
    21 January 2022 @ 21:32
    "Gold loves slow growth and slow inflation" A very strange statement.
    • JW
      JW2 W.
      22 January 2022 @ 11:31
      Safety net
  • JR
    Jason R.
    21 January 2022 @ 22:01
    Raoul, honest question...if crypto was/is such a superior trade the last time we saw this kind of meltdown, why would you consider things like gold, bonds, EM, etc. this time around instead of continuing to focus on ETH (which you mentioned), BTC, Alts, Layer 1s, etc., etc.? Seems to me that the crypto space is as fundamentally good as it has ever been. Even if BTC, ETH, etc. just track back to their previous ATHs, you're now looking at close to 90% upside. Is the reason diversification? Just curious...
    • Dd
      David d.
      28 January 2022 @ 17:33
      it would be good to get Raoul’s answer... he spends a lot of time on twitter answering the general public’s questions.
    • AH
      Andrew H.
      23 January 2022 @ 18:58
      I could be way off here and certainly don's speak for Raoul, but perhaps he's sharing opportunities for the RV community that is simply not comfy with crypto.
  • SM
    Steen M.
    21 January 2022 @ 22:23
    Great read. Any examples of “exponential age stocks”?
  • MD
    Michael D.
    21 January 2022 @ 22:54
    Raoul how does the world? wide raise in real estate prices fit into this , seems most countries are experiencing this? Caused by low rates and insufficient supply?
  • AR
    Adam R.
    21 January 2022 @ 23:06
    Only problem is getting hit by a train as you are waiting for the bus to show up
    • MJ
      Mike J.
      22 January 2022 @ 00:15
      I feel like I already got hit by the train
  • MJ
    Mike J.
    22 January 2022 @ 00:45
    Two years of crypto profits almost gone. Tip toeing in the first year, then all in the last year. I forgot why I own Crypto.
    • MS
      Michael S.
      23 January 2022 @ 03:03
      Mike, owning Crypto is engaging in digital innovation. It is extremely early just as the mid 1990s were early for the internet.
    • AR
      Adam R.
      22 January 2022 @ 02:08
      Just know you are not the only one. Raoul finally clarified in his Vegas interview that crypto is not an inflation hedge, it is a hedge against currency debasement. So when the fed was threatening to tighten monitory policy in Dec. there should have been a discussion on potential risk and preservation of capitol. It is tough to trade around these reports as the market moves faster than they can come out.
  • CD
    Claudio D.
    22 January 2022 @ 02:41
    this is why I subscribed, I remember again why I got out super early, not because I’m smart but because these events aren’t predictable but they are and this brief just reminded me to be patient. It’s simple, the Fed. shaped this bubble, now we gotta come back to reality. Thanks Raoul & everyone on RV.
  • SR
    Steve R.
    22 January 2022 @ 21:48
    Thanks Raoul, great update. The only difference of opinion I have is that I see the USD going down hence why some bottom fishing in EEM, precious metals, and commodities all moving up. If foreign investors start to liquidate US assets they are likely to repatriate those USD back to their home currencies. It really does feel like the USD is topping out here? ETH already well below your accumulation zone now, bounce or massive drop? Could crypto be about to have its 2000 moment where everything gets blowtorched and 95% of the crypto space completely disappears? There is just still way too much hype and BS. Will be interesting to see how this plays out.
  • EC
    Edward C.
    24 January 2022 @ 13:25
    Hi Raoul, thanks for the colour and thoughts as always. What are your current thoughts on Galaxy Digital. Realise you recommended this name before.....seems to be getting back to interesting levels?