About this episode

The episode discusses the potential unraveling of the AI-led growth narrative amidst shifting market conditions.

Markets can look strongest just before their underlying assumptions begin to crack. This week, we examine whether the AI-led growth narrative is beginning to unravel as positioning, macro data, and market structure all shift at once. We discuss the AI momentum unwind, yen intervention, NFP & labor market weakness, Fed policy, gold, Bitcoin, and what we think is the next major trade. Enjoy! TIMESTAMPS: 00:00 Intro 01:40 AI Momentum Starts To Crack 07:14 What Triggered The Selloff? 10:21 Is The AI Boom Peaking? 12:24 Why Gold Still Looks Attractive 14:19 Breaking Down The Jobs Report 18:06 Could Inflation Stay Sticky? 24:56 Is The Market Misreading The Fed? 27:54 How We're Trading This 32:47 Is Bitcoin Turning? 38:42 Why Gold Beats Tech 40:36 The Next Phase Of Crypto 44:17 July 4th And The World Cup FOLLOW THE SHOW › Forward Guidance – https://x.com/ForwardGuidance › Felix – https://x.com/fejau_inc › Quinn – https://x.com/qthomp › Telegram – https://t.me/+CAoZQpC-i6BjYTEx › Blockworks – https://x.com/Blockworks RESOURCES › Weekly Roundup Charts – https://drive.google.com/file/d/14q53P0qQcFvyvvSBgVSZ-jM_TZU9HEyP/view?usp=drive_link EVENTS › Join us at Digital Asset Summit 2026 Asia…

People in this episode

Hosts: Felix, Quinn

Topics covered

• AI momentum
• market analysis
• Fed policy
• labor market
• Bitcoin
• gold investment
• crypto trends

Keywords

• AI trade
• market structure
• NFP
• labor market weakness
• Fed policy
• gold
• Bitcoin
• crypto

Mentioned in this episode

Organizations: Blockworks

Products: Bitcoin, Gold

Places: Japan

More episodes of Forward Guidance

• The AI Unwind Is Forcing A Historic Market Rotation | Weekly Roundup · July 17, 2026 · 54 min
• Think Like Everyone Else, Lose Like Everyone Else | Brent Donnelly · July 8, 2026 · 46 min
• How To Trade The New Warsh Fed | Bob Sheehan · June 29, 2026 · 45 min
• Is The Fed Panic Already Fading? | Weekly Roundup · June 26, 2026 · 60 min
• A New Era Is Beginning In Markets | Weekly Roundup · June 19, 2026 · 1h 4m
• The Warsh Fed Will Look Nothing Like Before | Joseph Wang · June 17, 2026 · 40 min

Explore listener stats, chart rankings, contacts and more on the Forward Guidance podcast page.