Monday, August 10 — Recap · 5 Episodes

Speakers see fiscal stress and weaker data pointing to cuts, but warn long-term yields could still rise.

The Wolf Of All Streets and Gareth Soloway expect no near-term Fed hike and see weakening jobs data supporting eventual cuts. They also flagged fiscal deficits, rising debt interest, and limited demand for long Treasuries; Soloway projects the 10-year yield could reach 4.8% or test 5%, while The Wolf Of All Streets cautioned that elevated yields remain a headwind for risk assets.

Bitcoin's muted sentiment and incomplete bottom signals leave speakers expecting more volatility before a renewed advance.

The Wolf Of All Streets described Bitcoin near $64,000–$65,000 as materially lagging the S&P 500 and said poor liquidity could extend weakness another four to six weeks. Benjamin Cowen pointed to subdued social interest, an MVRV Z-Score still above zero, and historical midterm-year patterns as reasons to favor a breakdown before a likely September-to-December cycle low.

Ethereum's proposed issuance changes could improve efficiency but risk driving solo stakers and DeFi capital away.

Bankless discussed an EIP targeting roughly 30%–40% staking, near the current 34%, with supporters emphasizing lower issuance and real yield from fees and burn. Critics argue that yields below the roughly 2% solo-staker threshold could favor custodians, weaken institutional demand, push capital toward stablecoins and competing networks, and create selling pressure across DeFi; the host does not expect the proposal to pass.

The Wolf Of All Streets framed silver's volatility and gold's inflation hedge as evidence of evolving precious-metals valuations.

The Wolf Of All Streets described silver's move from the $20s above $70, spike to $120, and retreat into a $60–$70 range as a possible new equilibrium. A separate speaker estimated gold's equilibrium near $4,500 and argued that continued dollar inflation could lift that level, with gold needing about 6% annual gains to offset the cited inflation differential.

The New York Times is combining journalism, digital products, pricing, and AI to grow its subscriber relationship.

Odd Lots' discussion with Meredith Kopit Levien described a strategy built around roughly 3,000 journalists and content creators, nearly 1,000 digital product developers, and expanded products such as games, video, podcasts, and family bundles. Levien argued that human-led journalism remains the core value driver while AI supports efficiency and data investigation; licensing, she said, requires permission, control, and fair compensation.