Transcript
A (0:00)
Burn your five pound weights. I'm Robert Arzon. I'm an athlete and fitness instructor and I am telling you, unless you have been limited to lighter weights by a medical professional, they're honestly inexcusable. You need to be lifting heavy. And I'm talking especially to the women out there. Toned arms. What can your body do? This week on Project Swagger. What heavy means and rules to bring into your routine? Listen now,
B (0:30)
More and more Americans are finding themselves taking care of their kids and their parents at the same time.
C (0:37)
Well, you know, I joke that there's a dark game which I was playing. Which family member will disappoint today?
B (0:43)
How to care for others without burning out in the process. That's this week on Explain it to Me. Find new episodes Sundays, wherever you get your podcasts.
D (0:58)
Today's number 1.5. That's how many tons of beans were delivered by Grubhub across America last year, with bean sales up 135% from the year before. And in other news, investors are piling into what might be the hot new sector on Wall street air freshener money market.
E (1:22)
If money is evil, then that building is hell. Sell, sell.
D (1:30)
Welcome to Profit you Markets. I'm Ed Elson. It is April 30th. Let's check in on yesterday's market vitals. The S&P 500 and the NASDAQ were flat while the Dow declined as the Federal Reserve held rates steady. The yield on 10 year treasuries hit a one month high as traders gave up hopes for a rate cut. This year, Brent crude hit the highest level since 2022 after President Trump told aides to prepare for an extended blockade. And and big tech shares were mixed as earnings started to roll in. More on that later. Okay, what else is happening? Earlier this year, legendary investor Ray Dalio declared that the world order had broken down. Since he made that claim, the national debt surpassed $39 trillion to reach a new record. We've also gone to war with Iran, which has cost at least $25 billion so far and so sent the price of oil soaring. And on top of that, new projections show that tariffs are expected to add another $1 trillion to the deficit over the next 10 years. In sum, the deficit is expanding, inflation appears to be rising, and meanwhile, the Fed is stuck holding rates at a crucial time of transition. So we wanted to check in on all of these dynamics. So we decided to check in with the man himself, Ray Dalio, global macro investor, founder of Bridgewater Associates and New York Times best selling author Ray, thank you so much for joining us again on the show. I guess we should start with your main investment theme, which is the big cycle and the five main forces that drive the big cycle that you have been warning about for a long time. Could you just remind us what is the big cycle and what are those five forces that are moving markets?
