Latest Episodes

Acid Breath: Steel Rusts, Circuits Shine

There’s a smell in the air, that faint electric tang before a storm. The markets are choppy, the screens green and red in alternating flickers, and behind it all you can almost hear the static of something old returning.In this episode o...

October 16, 2025 • Season 1 • Episode 15 • 45:05

Acid Breath: America in Sepia

ARM Ascends, Oil Drifts, Queens EnduresI open on macro static and shutdown fog, a strange steadiness where the market beat goes on. The Beige Book whispers fractures, three Fed districts up, five flat, four softening, a recalibration mor...

October 16, 2025 • 45:36

Acid Breath: Calm Seas Edition

A market meditation disguised as weather report, part Fear and Loathing, part BBC Shipping Forecast. Markets drift in a haze of caution and theatrical boredom. Bankers profit without joy, express bubble caution<...

October 14, 2025 • Season 1 • Episode 12 • 32:02

Acid Breath: The Day Silver Spoke and AI Went Industrial

The Day Silver Spoke and AI Went IndustrialThe age of abundance is over: compute, energy, and silver say so.Acid Breath Daily is Hugh Hendry’s financial freak show : a daily dive into markets where logic wrestles madness ...

October 14, 2025 • Season 1 • Episode 11 • 1:07:22

Acid Breath - Rare Earth - Fri 13 October, 2025

Today’s Acid Breath is a descent into the machinery behind the market’s tremor. Tariffs ignite, rare earths reveal their dirty chemistry, and America’s clean hands look suspiciously like Walter White’s gloves. Are we about ...

October 11, 2025 • Season 1 • Episode 10 • 37:47

Fan Mail

Loving my 30mins of Hugh every day. My question for you is, what is your exit strategy for trades that are successful? Is it sell half after a good run or do you just sell out completely, etc? Thanks. Robert

United Kingdom of Great Britain and Northern Ireland

Contributors

Hugh Hendry

Host