Why you Need to Understand the Steady Bid for U.S. Assets that is Preventing the Market's fall...

👉 On Substack? Visit - https://research.santiagocapital.com 👉 Shop Individual Macro Research Reports - https://santiagocapital.com/shop 👉 Put Your Gold to Work - https://www.monetary-metals.com/santiago This week we look at the relentless, price-insensitive bid holding up US asset prices: passive funds and retirement paychecks buying every two weeks no matter the price, and foreign capital pouring in for safety, secrecy, and the deepest markets on earth. Then we look at the other side of the trade, how that same bid can reverse, and how the dual carry unwind flipped into a dollar spike and an equity crash in both 2008 and 2020. All this and more on this week's episode of Milkshakes, Markets, & Madness. MMM Episode 176 (July 26, 2026)