Euphoria, Exhaustion, and the Macro Collision Ahead - June 7, 2026

Markets are still trading with a sense of euphoria — but the growth data is starting to tell a very different story.In this episode of Macros & Flows, we breaks down the collision between resilient risk appetite and a sharp slowdown in the underlying macro backdrop. We look at why investors may be leaning too heavily into the soft-landing narrative, what a violent growth stall could mean for equities, rates, credit, and commodities, and where market complacency may be most exposed.The key question: is this rally confirming a durable expansion, or is the market simply ignoring the slowdown until it can’t anymore?Disclosure: This podcast is for informational and educational purposes only and should not be considered investment advice. Markets involve risk, and listeners should conduct their own research or consult a financial advisor before making investment decisions.