The MacroTourist
The almost daily email about markets from Kevin Muir.
By Kevin Muir
· Over 35,000 subscribers
Subscribe
Error
By subscribing, I agree to Substack’s
Terms of Use
and acknowledge its
Information Collection Notice
and
Privacy Policy
No thanks
The MacroTourist
Subscribe
Sign in
Home
Chat
The MacroTourist Private Feed…
MacroTourist Weekly Wrap-Up
Weekly Wrap-Up Podcast
Archive
About
M'tourist Private Feed Recap
for Thursday, October 23rd, 2025
Oct 23
•
Kevin Muir
11
WATCH YOUR BIDS (s2025 e32)
Matt Miskin argues the terminal rate is way lower, Blue Owl CEO defends Private Credit (SHOCK!), RBC about the changing nature of the left-tail, Cliff…
Oct 20
•
Kevin Muir
24
14
WE NEED TO TALK ABOUT PLUMBING
The 'tourist highlights a part of the market that is showing signs of stress
Oct 17
•
Kevin Muir
34
4
WATCH YOUR BIDS (s2025 e31)
Andrew Ross-Sorkin with lessons from his new book about the 1929 crash, then some sobering electrical grid forecasts, followed by Goldman talking…
Oct 14
•
Kevin Muir
17
7
MELT-UP MATH
The 'tourist pushes back on the melt-up maniacs
Oct 12
•
Kevin Muir
65
3
Recent posts
View all
BDCs: THE TIP OF THE SPEAR
The 'tourist adds to his private equity short through BDCs - something every investor should have on their screen
Oct 4
•
Kevin Muir
49
30
WATCH YOUR BIDS (s2025 e30)
A couple of bulls to start the week, but then Danny Moses asks us to "Do the Math!", followed by best interview of the quarter when Paul Kedrosky does…
Sep 28
•
Kevin Muir
25
12
VOL-CONTROL FUNDS: FINALLY TIME TO SHORT THE STOCK MARKET
This tailwind is about to flip to a headwind.
Sep 26
•
Kevin Muir
52
21
WATCH YOUR BIDS (s2025 e29)
Louis-Vincent Gave articulates the China bull case better than anyone, and it's reminiscent of Tepper's 2010 great call, Dario Perkins doesn't want to…
Sep 21
•
Kevin Muir
21
4
IS THIS A NEW CYCLE?
And if so, is this a "recession is coming" first cut?
Sep 17
•
Kevin Muir
40
6
ErrorError
This site requires JavaScript to run correctly. Please
turn on JavaScript
or unblock scripts