"Meaningful Tailwinds" To Push Stocks Higher Over Coming Months? | Darius Dale

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**Darius Dale** (1:00)
If you think about the growth cycle, the indicators that we track across the growth cycle are currently suggesting that we have a meaningful tailwind for risk assets right now. Monetary policy suggests we have a modest tailwind for risk assets right now, and the liquidity cycle suggests that it's modest tailwind right now. So that's all positive. By the end of this year, investors will likely be satisfied with their returns in equities and credit, and investors who have international equities, small cap equities and central equities will be much more happy with their returns than the investors who kind of stay put in the cubes.

**Adam Taggart** (1:39)
Welcome to Thoughtful Money, I'm Thoughtful Money founder and your host, Adam Taggart. Welcome here for a very special interview. So if you look at the S&P folks, the S&P basically is at the same price today that it was before Halloween of last year. So a lot of investors are asking a question, is this sideways market action that we've had for this many months now, is that the market consolidating before it regroups and then heads to new highs? Or is this a topping out process in the market? I cannot think of a better person to ask this question to than CEO of 42Macro, the great Darius Dale. Darius, thanks so much for joining us today.

**Darius Dale** (2:17)
Adam, it's always such a pleasure to be here with your wonderful community. I'm not great, I'm just a guy who works hard with the Bloomberg and produces some great outcomes for our customers, man. I'm really, really blessed to be here. Thank you.

**Adam Taggart** (2:30)
Well, look, I think great is actually an understatement when it comes to you, Darius, on so many dimensions, even personally, which we're going to get to in just a second. But very quickly, we'll talk more about this later in the discussion, but I want to make an important announcement here for folks. I spent a lot of time communicating with the Thoughtful Money audience, both through comments, emails, live events, but also through surveys. And I know through our survey work that the vast majority of the people who watch these videos are self-directed, do-it-yourself, DIY investors. And a lot of what I do on this channel is advise people, hey, if you want some help, go work with one of the financial advisors that I have on this channel often. And that's definitely, I think, a very valuable experience for the people who are looking for guidance and some handholding there. But for the majority of people who are watching this channel, what they're really looking for is, hey, what information or what tools and services and solutions can you be providing to me to help me be a better DIY investor? So I'm very happy to announce that Darius' firm, 42Macro, is now the official endorsed DIY solutions provider for Thoughtful Money. And we'll tell folks a little bit more about that near the end. But Darius, it's such a privilege and honor to have your partnership on this.

**Darius Dale** (3:52)
The privilege and honor are all mine, sir. You know, we met a few years ago.
You know, I immediately fell in love with you, man, in terms of who you are as a person. I can tell that you care about the people you're serving in your community. And that's something I'm very passionate about. You know, I left my, you know, cushy, you know, expensive Wall Street job a little bit over a half decade ago, I guess, to start 42Macro. Basically on the same premise that you started Thoughtful Money with, which is you exist to narrow that information asymmetry between the buy side and the general investing public. And as someone who's from the very, very, very, very bottom of the K-shaped US economy, has, you know, been homeless on many occasions, you know, selecting bands, you know, eating food, thousands of meals from food banks throughout the course of my life. You know, it really didn't sit well with me, you know, as I, you know, kind of spent the first 12 years of my career, you know, essentially making rich people rich, you know, with my research and risk management signals. And so, you know, we started 42Macro a little bit over half decade ago to essentially, you know, to correct that, you know, correct something that was really important to me from a mission standpoint, which is to narrow that information asymmetry. You know, we serve many of the top institutions across the global buy side here at 42Macro, folks I've had long standing relationships with. And, you know, it's really clear to me that that asymmetry, you know, very much exists from a resource standpoint, exists from an experience standpoint. The asymmetry exists from an educational standpoint, just media investor, media investor in both cohorts. And it also, that asymmetry tends to exist from an emotional standpoint, EQ standpoint, with regards to taking financial market risk. And so, you know, we built a variety of systematic tools and signals in our toolkit here at 42Macro to essentially elevate the investing behavior, the habits of the general investing public so that that asymmetry is narrow. We're lifting the kind of the floor, if you will, and the habits, if you will, of the general investing public towards that of our buy-side clients. And so we're really proud of the solutions we've built. We're really and more prouder of the incredible impact that we've had for thousands of investors in 80 plus countries around the world. The testimonials we get in response to our research and our signals is life changing for me because it lets me know that we're accomplishing our mission, which is very important to me. So thank you again, Adam. Thank you to the Thoughtful Money community for humoring us. Come check us out. We look forward to you checking us out. And I just want to say I'm very, very excited for this, man. Let's dive in.