The ACID Capitalist Podcast

Send us Fan Mail There’s a smell in the air, that faint electric tang before a storm. The markets are choppy, the screens green and red in alternating flickers, and behind it all you can almost hear the static of something old returning. In this episode of Acid Breath , I drive straight through the fog. The Philadelphia Fed survey just recorded its steepest drop since 2020; the factory heartbeat o...

Send us Fan Mail ARM Ascends, Oil Drifts, Queens Endures I open on macro static and shutdown fog, a strange steadiness where the market beat goes on. The Beige Book whispers fractures, three Fed districts up, five flat, four softening, a recalibration more than a roar.  The feature turns to ARM, where the data center bottleneck is power, not code. ARM sells the blueprint, cutting CPU energy use pe...

Send us Fan Mail A market meditation disguised as weather report, part Fear and Loathing , part BBC Shipping Forecast.  Markets drift in a haze of caution and theatrical boredom.  Bankers profit without joy, express bubble caution Traders fears resemble yoga poses held too long.  Everyone trembling, pretending its balance when its really strain. This is macro as performance art:  wind light to var...

Send us Fan Mail The Day Silver Spoke and AI Went Industrial The age of abundance is over: compute, energy, and silver say so. Acid Breath Daily is Hugh Hendry’s financial freak show : a daily dive into markets where logic wrestles madness and central banks juggle chainsaws. It’s macro with a migraine, tequila spilled on spreadsheets, silver screaming at AI, and politicians pretending they can cou...

Send us Fan Mail Today’s Acid Breath is a descent into the machinery behind the market’s tremor.  Tariffs ignite, rare earths reveal their dirty chemistry, and America’s clean hands look suspiciously like Walter White’s gloves. Are we about to Break Bad? I pack away a shadow CPI masquerading as today's real deal, a half-billion hit at Jefferies that smells of 2007 teen spirit, and a twenty-bi...

Send us Fan Mail Shadowlight A new inflation priesthood grabbed the pulpit. With officials offstage, a retail outfit called OpenBrand dropped a fresh CPI and the press sang hymns. I torch the cosplay, then hold up the mirror. In markets, any number that moves price pretends to be truth. That is the joke. That is the trade. Now the prints that matter. Jobless claims at 258,000. A soft miss, not a c...

Send us Fan Mail Day eight of the shutdown, no data, no scoreboard, just thunder over St Barts and my voice in the dark.  The Philly Fed whispers life and the Fed’s month-old minutes somehow steal the show: dovish, nervous, and oddly triumphant.  I talk about Stephen Miran’s population shocks: millions arriving, then vanishing, the beat that moves jobs and rents faster than the Fed can blink.  I t...

Send us Fan Mail Acid Breath - Kobayashi Test - 7 October 2025 Government shut, data feed dead, and the market is whispering its sins. I open today’s Acid Breath by reading price as confession, not scripture.  Regional banks are mating for survival as Fifth Third reaches for Comerica, a fear of dying small dressed up as synergy.  A trillion dollars threatens to seep from emerging world vaults into...

Send us Fan Mail PTJ brings signal, Takaichi tilts pro growth and the tape points higher Acid Breath is the market show that slaps you awake.  Government went dark; price turned the lights on.  Paul Tudor Jones walked on TV and the noise shut up. Trend over tale. Above the one year or out. Never average down.  Tokyo just told you what it believes: weak yen, loud profits. Ceilings become trampoline...

Send us Fan Mail What Is Acid Breath? A nightly macro riff that turns the day’s markets and data into signal. Quirky, erudite, fast. We entertain, then arm you to trade like an adult. Fly Blind, See Clear Shutdown day three, payrolls locked in a drawer, yet stocks print records. The tape speaks when the oracle is silent. Read price and weekly closes before you read headlines. Process Beats Prophec...

Send us Fan Mail Support the show ⬇️ Subscribe on Patreon or Substack for full episodes  ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://www.instagram.com/ hughhendryofficial https://blancbleustbarts.com https://www.instagram.com/blancbleuofficial ⭐⭐⭐⭐⭐  Leave a five star review and comment on Apple Podcasts! 🧢 Hats & Merch 📸 Instagram 🐦 Twitter / X 📩 Sub...

Send us Fan Mail The Shipping News for Investors . Acid Breath is a sub-30 minute market monologue for thinkers, not twitchers. Nightly under the Caribbean sky with jazz low, I strip the day bare for signal. Today was diffusion indices in plain English (50+ expands, under 50 contracts). Decimals = vanity; the first two digits tell the story. I cross-check S&P Global with ISM and translate what...

Send us Fan Mail Acid Breath is a 10 to 20 minute daily market monologue for investors who prefer thinking to twitching. I scan the day's U.S. economic releases like JOLTS, CPI, and payrolls, note how risk assets moved, then strip away the theater of first prints, revisions, and spurious decimals to focus on signal: liquidity, positioning, incentives, and Marshallian K. Expect dry humor, clea...

Send us Fan Mail Started too late, desk on the terrace, sound may dip, mind awake. Welcome to the quiet safe macro room. Seekers of clear stories. Turning noise into knowledge. The economy is a machine. Complicated, not mystical. I round to whole moves. Neutral. Call it mauve. I hate decimal points. They pretend at precision. Jobs talk is the usual racket. Hiring, but careful. Never mind the bollo...

Send us Fan Mail Acid Capital Breath is a quiet ten to fifteen minute ritual: breathe, reflect, and translate the day's economic data and market moves into plain English. I attempt to cut the code, tell the simple story of a market seeking its future, and leave you calm and ready to act. Logic says I may not do it daily, but the heart says I’m gonna try. Acid Capitalist™ 🖤⚔️💣 Support the sh...

Send us Fan Mail Title: The Autopsy of a Dying System Subtitle: How a Foreign Money Printer Rigged the Game and Why Bitcoin is the Only Way Out. The consensus hallucination blames the Fed. The reality is a foreign money printer running a 40-year rigged game. This is the autopsy of that lie. I dissect the malware that infected the West and reveal the only asset with the physics to escape the coming...

Send us Fan Mail This show reflects on what it means to see the future too clearly and the cost of carrying that vision alone. A few weeks ago, America burned on the monitor behind me. Cameras rolled in Santa Monica. Steve Drobny, founder of Clocktower Group, advisor in global hedge funds, told me to sit straight, but I didn't care. We discussed the future and America’s possibly undead econom...

Send us Fan Mail The fuse is already burning. This isn’t empire. This is captivity masquerading as privilege. For decades, the dollar system was sold as sovereign strength. But behind the curtain, it was scaffolding, a fragile architecture supporting global imbalances that no one dared to fix. China floods us with goods. We print the debt. They hoard the collateral. This isn’t trade. It’s a hostag...

Send us Fan Mail Wild bets, hot streaks, and a little market seduction. The acid capitalist is back, sunburnt and shirtless, broadcasting straight from St. Barts with sand in his toes and a dollar short in his hand. This is Confessions Part II, the origin story sharpened, scuffed, and refitted for today’s volatility junkies. If finance had a Tarantino cut, this is it. We rewind to the end of 2002....

Send us Fan Mail This week, I offer you a barefoot sermon from the battlefield of economic memory. A walk from Hamilton to Trump. From Ricardo to Argentina. From Abraham Lincoln’s top hat to the red-capped defiance of tariff diplomacy. A retelling of the American experiment through its most potent and most misunderstood weapon: the tariff. I argue here that Donald Trump, however clumsy and chaotic...

Send us Fan Mail A beachside macro sermon on whale liquidations, a 5700 S&P play, and why Treasuries are the keystone to everything. Solana trades, SOFR action, and The Acid Capitalist’s call to be volatile, be violent, be legendary. Stay acid. Support the show ⬇️ Subscribe on Patreon or Substack for full episodes  ⬇️ https://www.patreon.com/HughHendry https://hughhendry.substack.com https://w...

Send us Fan Mail Welcome back The breeze is talking again. The sea too, whispering something older than the market, more enduring than yield curves. This episode was recorded beneath Saharan skies on the island of St. Barts, during Acid Capitalist Summer Camp 2.0. But what is a camp if not a gathering of searchers. A pause in the trade winds to ask the old questions. I was met by a journalist. You...

Send us Fan Mail Welcome back to paradise, where the rosé is chilled, the sun strokes the sea, and your third ear is tuned to the gospel according to Hugh. This week, I take you deep into the delirious heart of Wall Street circa 2006, an era of mutual fund gods, tax-deductible lap dances, and a man named Scotty who nearly exploded trying to mask the scent of strippers with gasoline. Yes, really. I...

Send us Fan Mail Good Fortune Makes the Man, and The Man Retains the Fortune and Multiplies It... Welcome back to another transmission from paradise, broadcasting from the heavenly shores of St. Barts. The Acid Capitalist, beamed straight into your ears, sun-kissed and untamed. This week, I open the vault—pulling an old gem from my private paywall, unchaining it from Patreon and Substack for the f...

Send us Fan Mail In this episode of The Acid Capitalist , Hugh Hendry dives into the volatile world of FinTech, analyzing Wise and its market positioning compared to giants like PayPal. He shares insights from an encounter with a young, die-hard value investor, dissecting the risks of stock-picking in a sector riddled with landmines. Are FinTech disruptors truly innovative, or are they just banks...