The Modern Market Show

Michael Howell, founder of CrossBorder Capital and author of Capital Wars, explains how debt refinancing drives demand for liquidity, why bond yields matter and how monetary inflation can erode wealth.⁠00:00 Introduction⁠03:33 Money Flows and Bitcoin as a Liquidity Barometer⁠07:01 Why Global Liquidity Growth Is Slowing⁠10:18 The Fed and Money Market Liquidity⁠15:51 Debt Refinancing and the Role of Collateral⁠20:00 Bond Yields and the Term Premium Debate⁠22:01 US China Capital Wars and Gold Collateral⁠26:49 The 2027 Outlook and Monetary Inflation⁠32:56 Watching for the Next Liquidity Turning Point⁠The content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.⁠3 ways to join us:⁠1. Talk with us with the Community Chat Membership: Keep the conversation going after the show in our 24/7 Telegram community chat, sharing ideas with us and fellow investors: https://whop.com/modernmarket/products/modernmarketcommunitymembership/⁠2. Cut the noise with the Inner Circle Membership: Read-only Telegram channel for more serious investors wanting trade ideas, market takes and portfolio construction thinking (includes Community Chat Membership): https://whop.com/modernmarket/products/modern-market-inner-circle-membership/⁠3. Trade with us on Sway: Our mobile perps trading partner is offering $3,000 in monthly prizes: $500 each week for the highest realized P&L and $1,000 for the highest volume over four weeks. Join on mobile with code MM3000: https://sway.fun/ref/MM3000

In this episode, we discuss Bitcoin’s bounce as bond yields ease, Anthropic’s IPO valuation debate and Tesla’s flying Roadster demonstration.⁠00:00 Introduction⁠01:32 Crypto Headlines and Web3 Roundup⁠04:54 NEAR AI and Trading a Parabolic Move⁠10:18 Bitcoin Bounces as Bond Yields Ease⁠16:37 Anthropic IPO Valuation and AI Economics⁠22:13 AI Valuations and the Case for Open Models⁠29:37 Tesla Demonstrates Its Flying Roadster⁠The content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.⁠3 ways to join us:⁠1. Talk with us with the Community Chat Membership: Keep the conversation going after the show in our 24/7 Telegram community chat, sharing ideas with us and fellow investors: https://whop.com/modernmarket/products/modernmarketcommunitymembership/⁠2. Cut the noise with the Inner Circle Membership: Read-only Telegram channel for more serious investors wanting trade ideas, market takes and portfolio construction thinking (includes Community Chat Membership): https://whop.com/modernmarket/products/modern-market-inner-circle-membership/⁠3. Trade with us on Sway: Our mobile perps trading partner is offering $3,000 in monthly prizes: $500 each week for the highest realized P&L and $1,000 for the highest volume over four weeks. Join on mobile with code MM3000: https://sway.fun/ref/MM3000

In this episode, we discuss Anthropic’s revenue and IPO valuation debate, the sell-off after hot CPI, and managing risk without giving back profits.⁠00:00:00 Introduction⁠00:01:22 Crypto Headlines and Web3 Roundup⁠00:07:46 De-Risking During the Market Sell-Off⁠00:12:13 Bullish Sentiment and the Next Buyer⁠00:16:01 When Strong Earnings Stop Moving Prices⁠00:20:46 AI Uncertainty and IPO Valuations⁠00:28:18 Taking Profits and Pausing Before the Next Trade⁠00:33:10 Anthropic Revenue and Adjusted Profit⁠00:36:54 Hot CPI, Rate Expectations and Equities⁠00:43:04 NEAR, Lighter and Altcoin Pullback Risks⁠00:47:13 Altcoin Upside and Realistic Expectations⁠00:52:15 The NEAR Short Thesis and Revenue⁠00:55:26 Remaining Net Long While Reducing Risk⁠00:58:34 Giving Back Profits and Managing Drawdowns⁠01:02:49 Planning Re-Entries and the Privacy Narrative⁠The content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.⁠3 ways to join us:⁠1. Talk with us with the Community Chat Membership: Keep the conversation going after the show in our 24/7 Telegram community chat, sharing ideas with us and fellow investors: https://whop.com/modernmarket/products/modernmarketcommunitymembership/⁠2. Cut the noise with the Inner Circle Membership: Read-only Telegram channel for more serious investors wanting trade ideas, market takes and portfolio construction thinking (includes Community Chat Membership): https://whop.com/modernmarket/products/modern-market-inner-circle-membership/⁠3. Trade with us on Sway: Our mobile perps trading partner is offering $3,000 in monthly prizes: $500 each week for the highest realized P&L and $1,000 for the highest volume over four weeks. Join on mobile with code MM3000: https://sway.fun/ref/MM3000

In this episode, we discuss Paul Tudor Jones’s warning about IPO supply in 2027, Bitcoin positioning ahead of CPI, and Robinhood Social’s trading experience.0:00:00 Introduction0:01:35 Crypto Headlines and Web3 Roundup0:06:54 Bread’s HYPE Sale and Pump DCA0:11:57 Round-Tripping Gains and the Psychological Cost0:15:11 Zcash, SanDisk and Limits to Euphoria0:20:26 Stock Losses and Taking Microsoft Profits0:25:04 Consolidation, Fast Rotations and Risk0:28:13 [SPONSORED] Sway Partnership0:33:46 Bitcoin’s CPI Setup and Defined Risk0:37:41 Bitcoin Versus Altcoin Trade Setups0:41:23 Paul Tudor Jones and the 2027 IPO Supply Debate0:45:18 Bitcoin, Quantum Concerns and Zcash Narratives0:49:16 Robinhood Social and Onchain Trading0:53:25 Trading Competitions, Experiences and Brand Loyalty0:56:58 [SPONSORED] Sway Giveaway and ResultsThe content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.3 ways to join us:1. Talk with us with the Community Chat Membership: Keep the conversation going after the show in our 24/7 Telegram community chat, sharing ideas with us and fellow investors: https://whop.com/modernmarket/products/modernmarketcommunitymembership/2. Cut the noise with the Inner Circle Membership: Read-only Telegram channel for more serious investors wanting trade ideas, market takes and portfolio construction thinking (includes Community Chat Membership): https://whop.com/modernmarket/products/modern-market-inner-circle-membership/3. Trade with us on Sway: Our mobile perps trading partner is offering $3,000 in monthly prizes: $500 each week for the highest realized P&L and $1,000 for the highest volume over four weeks. Join on mobile with code MM3000: https://sway.fun/ref/MM3000

In this episode, we discuss the KOSPI sell-off and memory competition, crypto’s search for marginal buyers, and managing risk during fast altcoin rotations.00:00 Introduction01:48 Crypto Headlines and Web3 Roundup06:26 ETH and the Next Marginal Buyer13:38 Zcash, SanDisk and Post-Rally Consolidation18:06 ETH Buyers and Market Conviction21:54 Bullish Conviction Versus Wishful Thinking26:03 Questions About AI IPOs29:54 Macro Intervention and the Next Catalyst33:03 KOSPI, CXMT and Memory-Margin Pressure36:41 Bitcoin’s Resilience and Altcoin Patience44:01 Wormhole, Starknet and Fast Market Rotations50:15 Bullish and Cautious Views on PositioningThe content in this show is never financial advice. The content is an expression of individuals' opinions and is for informational and entertainment purposes only.3 ways to join us:1. Talk with us with the Community Chat Membership: Keep the conversation going after the show in our 24/7 Telegram community chat, sharing ideas with us and fellow investors: https://whop.com/modernmarket/products/modernmarketcommunitymembership/2. Cut the noise with the Inner Circle Membership: Read-only Telegram channel for more serious investors wanting trade ideas, market takes and portfolio construction thinking (includes Community Chat Membership): https://whop.com/modernmarket/products/modern-market-inner-circle-membership/3. Trade with us on Sway: Our mobile perps trading partner is offering $3,000 in monthly prizes: $500 each week for the highest realized P&L and $1,000 for the highest volume over four weeks. Join on mobile with code MM3000: https://sway.fun/ref/MM3000