MacroPass™: Darius Dale's Forecast For DOGE + Full Interview Slides

This is truly a firehose of charts, data & analysis

This week’s installment of our popular MacroPass™ service for premium members of this Substack comes from market analyst Darius Dales whom I interviewed on Thoughtful Money on Thursday.

Darius is famous for packing 3 interviews worth of data into a single discussion. In yesterday’s interview, he walked through a number of charts, but did not have time to get to the majority in his latest slide deck. So we’re providing the whole presentation below.

Also, the 68-slide presentation begins with 42 Macro’s latest outlook for the impact of the newly-formed Department of Government Efficiency (DOGE), focusing on two key questions:

1. How successful is it likely to be in fulfilling its mandate?

2. Will it save the bond market, and by extension, the bull market in stocks?

This presentation is a true firehose of insights, folks.

As a reminder, MacroPass™ is a weekly rotating selection of premium analysis from many of the big thinkers interviewed on Thoughtful Money.

To-date that list of contributors includes experts like Lacy Hunt (Hoisington), Stephanie Pomboy (Macro Mavens), Danielle DiMartino Booth (QI Research), Tom McClellan, Michael Howell (Capital Wars), Darius Dale (42 Macro), Doomberg, Ted Oakley (Oxbow Advisors), Kevin Muir (The Macro Tourist), Alf Peccatiello (The Macro Compass), Lance Lambert (ResiClub), Ed Yardini (Yardini Research), David Hay (Haymaker), Melody Wright (M3_Melody), David Stockman (Contra Corner), David Brady (FIPEST Report), John Rubino, Adam Kobeissi (The Kobeissi Letter), Sven Henrich (Northman Trader), Jeff Clark (The Gold Advisor), Charles Hugh Smith, Steven Bavaria (Inside the Income Factory®), Chris Whalen (The Institutional Risk Analyst), Felix Zulauf, Jesse Felder (The Felder Report) and Brent Johnson (Macro Alchemist).

Recent MacroPass™ reports in this series include:

• Ted Oakley's Q1 2025 Market Outlook

• Jesse Felder on the vulnerability of today's stock prices

• More on Felix Zulauf's outlook for 2025

• Brent Johnson on the Yen carry trade

• David Hay's top investment rankings

If you’re already a premium subscriber to this Substack, just continue below to access Darius’ entire presentation.

But if you’re not (yet), read the start of it below and consider upgrading to premium and access the full version, as well as all past and future MacroPass™ content.

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