The Great One Podcast

In this podcast, Tony Greer and Jared Dillian break down growing signs of stress beneath the surface of a market sitting at all-time highs as investors brace for the historic SpaceX IPO. They discuss extreme semiconductor valuations, oil’s puzzling strength, copper’s breakout, bond market positioning, and why a flood of new equity supply from SpaceX, OpenAI, Anthropic, and Google could mark a major turning point for risk assets. Tony and Jared celebrate sports icon #99 Wayne Gretzky before revisiting the Billboard charts of 1999, from Britney Spears and Ricky Martin to Third Eye Blind, Pearl Jam, Shania Twain, and the dawn of the Auto-Tune era. The conversation explores energy as a portfolio hedge, gold’s consolidation, rising volatility signals, and whether this IPO cycle resembles previous market peaks. They also debate Fed policy, inflation expectations, and the growing case for bonds after years of underperformance. ------------------------------------------------------------- Tony's Newsletter - https://tgmacro.com/products/ Subscribe to the DUAL SUB (Tony + Jared) - https://tgmacro.com/macro-dirt/ Jared's Newsletter - https://www.dailydirtnap.com/subscribe/