Macro & Volatility™ #30: Operation Epic Earnings
From Macro & Volatility™ by Josh Silva and Michael Purves
May 5, 2026 · 26 min · Episode 30
About this episode
The episode discusses the earnings-driven equity rally and the implications of inflation on the bond market.
Equity rally is fundamentally earnings-driven, not war “denial” Excessive hedging mispriced the upside Bonds are selling off because inflation is shifting from short-term to structural
People in this episode
Hosts: Josh Silva, Michael Purves
Topics covered
- earnings
- equity rally
- inflation
- bond market
- hedging
Keywords
- equity rally
- earnings
- inflation
- bonds
- hedging
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