This is a special edition of Macrovoises with hedge fund manager Eric Townsend.

The premier financial podcast targeting professional finance, high net worth individuals, family

offices, and other sophisticated investors.

Now for this special edition of Macrovoises, here's hedge fund manager Eric Townsend.

Macrovoises All Stars Episode 83 was recorded on December 9, 2019.

I'm Eric Townsend.

This episode of Macrovoises is brought to you by top traders on plug.com, which happens

to be my own favorite podcast when it comes to quant and rules based investing.

Check them out, you'll be glad you did.

Alhambra Investments Chief Investment Officer Jeffrey Snyder is back with us this week,

and as always Jeff has prepared a terrific slide deck, which I highly recommend that

you download because we'll be making reference to it throughout the interview.

You can find the download link next to Jeff's picture on our homepage at macrovoises.com.

Jeff, after last week's jobs report, it seems like quite a lot of people, especially

those in the United States, are gaining more and more confidence about the U.S. economy.

Now, it's been a few months since late summer when everyone was talking yield-curven

version and recessions, skies falling, etc., etc.

That sentiment appears to have disappeared now, and it's been replaced by growing optimism.

I'm not sure if it's just the sentiment or if the economic conditions have truly changed.

So Jeff, I wanted to get you back and get a sense of what you're looking at specifically

that might tell you which way things are leaning, not so much the sentiment, but the actual

economic conditions.

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