What's In Store for August? | Macro Mondays: August 4, 2025

Real Vision: Finance & Investing

Real Vision

Business, Business News, News, Investing

4.2 • 1K Ratings

🗓️ 4 August 2025

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Steno Research founder and CEO Andreas Steno is back with his co-host, Mikkel Rosenvold, the firm's partner and head of geopolitics, to dissect the latest macro news — from Trump's tariffs and crypto dips to the firing of the head of the Bureau of Labor Statistics. Plus, the guys discuss how their portfolio is set to navigate the month ahead. 📣 *This episode is brought to you by Bitwise Asset Management*. Bitwise has been all-in on crypto since 2017 and has more than 20 crypto-based products to help investors get the necessary access. Bitwise manages the world’s largest crypto index fund, one of the top Bitcoin ETFs, and one of the largest institutional Ethereum staking solutions. Bitwise has over $10 billion in assets under management and over 100 people in the US and Europe to help manage everything from ETFs to private alpha strategies to SMAs for large investors. 👉 *Check out Bitwise at https://bitwiseinvestments.com and let them know that Real Vision mentioned them*. Carefully consider the extreme risks associated with crypto before investing 📣 Today’s sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. Whether you’re a seasoned trader in the Futures arena or brand new, Plus500’s user-friendly trading platform offers you the advanced tools, market insights, and quick execution you’ve been looking for. 👉 Get started with Plus500 for as little as $100 at https://us.plus500.com. Trading in futures involves the risk of loss. Elevate your brand with Real Vision. Connect with us at [email protected] to explore advertising possibilities. Music license ID: WJ6TRPVHFD About Real Vision™: We arm you with the knowledge, tools, and network to succeed on your financial journey. Connect with Real Vision™ Online: Website: https://www.realvision.com/join Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Linkedin: https://rvtv.io/linkedin Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey guys, before starting this show, I just want to take a minute to talk about our good friends over at BidWise, the $10 billion global crypto asset manager. On this show, we talk a lot about all the big stories. What's driving markets? What does the data tell us? What are you people missing? And as you already know, crypto is playing a much bigger role in macro. So it's becoming more and more important to really understand the stories driving crypto. Why is Bitcoin going up? Why is Bitcoin going down? What are the institutions
0:25.9	doing? What are people missing? That's why Bitwise launched the weekly CIO memo, a quick summary
0:30.8	each week of what's really moving crypto markets. It's written by the CEO, Matt Hogan. Matt's
0:36.4	is one of the best in business as bridging the worlds of traditional finance and crypto. It's really a great read. It's clear, it's bold, and it's very thoughtful. I highly recommend it to anyone who wants to the latest insights and hottest takes in the crypto world. So head on over to bitwiseinvestments.com slash CIO memo. That's bitwiseinvestments dot com slash cio memo and check it out for yourselves
0:55.6	always of course carefully consider the extreme risks associated with crypto so here we are token
1:03.0	2049 it really is one of the most energetic incredible events speakers from all around the world
1:09.3	and visitors from every country you can ever
1:11.6	imagine. All trying to learn something together, something new, this exciting world of crypto and
1:17.9	technology. It's where you go and make friends, lifelong friends. And what's so nice is to see
1:23.0	people with big smiles on their faces, happy to be here and happy to be together. So hopefully see you next time in Singapore.
1:29.7	Real Vision will be there.
1:30.9	I look forward to seeing you all.
1:45.7	Hello out there.
1:48.5	Welcome to another edition of Macro Monday.
1:49.7	My name is Michael Oswald.
1:54.0	I'm your usual host, and as usual, I'm joined by my partner in crime, Andreas.
1:55.1	Welcome to the show, Andreas.
1:56.7	Thank you, Michael.
1:57.6	Partner and Crime.
2:17.7	That sounds like we've been heading up the Bureau of Labor Statistics of something like that. Oh, what a story. We'll get back to that, Andreas. Lots of stuff happening. I can't remember. So it's an eventful summer in global macro for years. But this is, things are really happening. I guess 24 was quite, at least in US politics, was quite of info as well, but we have so much stuff to talk about. Nuclear submarines, labor statistics,
2:23.5	seasons, stock market seasonality, lots of good stuff here. Lots of interesting takes and
2:29.0	Dres for this week. So, so we'll get to that in just a second. We're nearing the end of the summer here in Copenhagen, Dres.
	...

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