How Macro Trading Veterans Are Thinking About 2025 | David Cervantes & DCP

In this episode, David Cervantes and DCP join the show to discuss the FOMC post-mortem, the similarities to the 90s business cycle, and managing emotions in markets. We also reflect on the COVID crash, dig into expectations for 2025, and much more. Enjoy!
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Timestamps:
00:00 Intro
01:08 Donnie’s Background
06:58 David’s Trading Framework
08:07 FOMC Post-Mortem
18:25 Fed Guidance & Market Surprises
21:00 DCP’s Edge
23:06 New Government Regime
24:00 Reflecting On Trades
25:40 Similarities To The 90s
31:25 So You Want To Be A Trader?
33:17 We’re Mid-Cycle, Not Late-Cycle
35:20 Managing Emotions
39:00 Trading Wisdom
43:10 Reflecting On The COVID Crash
50:25 Trading Insights
52:24 Trading Bonds Vs ES
57:55 2025 Expectations
01:04:11 Trump & The Deficit
01:06:10 Closing
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.