Scott Bessent Just Changed the Liquidity Setup | Macro Mondays: August 24, 2026

Andreas Steno and Mikkel Rosenvold are back to ask whether Friday’s stock market rally marks the return of a more bullish macro setup, and how far this move could run. They break down Scott Bessent’s latest intervention in bond markets and what it could mean for yields, the U.S. dollar, and global liquidity. Plus, they dig into the intensifying Anthropic vs. OpenAI battle and ask whether markets are getting another dose of “Warsh hopium” after Friday’s price action. 🔥 Get 𝗙𝗥𝗘𝗘 𝗔𝗖𝗖𝗘𝗦𝗦 to Real Vision https://rvtv.io/3YOZZUe Timestamps: 00:00 - Are We Finally Back? 00:59 - Bitcoin and Gold Start Moving Again 02:25 - Why the Debasement Trade Is Back 03:24 - What Treasury Buybacks Actually Do 04:53 - The TGA Changes the Liquidity Story 05:29 - Why Bank Liquidity Matters for Markets 07:19 - How Much Liquidity Could Treasury Add? 09:42 - Hedge Funds Become the Marginal Treasury Buyer 11:35 - Is This Sustainable for Bitcoin and Gold? 12:19 - Temporary vs. Permanent Liquidity 14:02 - How Big Could Bessent’s Buybacks Get? 16:46 - Andreas’ Weaker-Dollar Portfolio Setup 18:03 - OpenAI vs. Anthropic 24:14 - Iran, China, and the Geopolitical Spillover 28:06 - What Could Kevin Warsh Say at Jackson Hole? 29:07 - The Most Important Macro Chart Right Now 30:06 - Is the Fed About to Turn Less Hawkish? #macromondays #macro #mikkelrosenvold #andreassteno #stenoresearch #markets #investing #stocks #stockmarket #fed #bonds #treasuries #usdollar #dxy #liquidity #openai #anthropic #interestrates #trading #realvision #scottbessent #kevinwarsh #federalreserve Learn more about your ad choices. Visit podcastchoices.com/adchoices