This is Macro Voices with hedge fund manager Eric Townsend, the free weekly financial

podcast targeting professional finance, high net worth individuals, family offices, and

other sophisticated investors. Macro Voices is all about the brightest minds in the world

of finance and macroeconomics telling it like it is. Bullish your bearish, no holds

barred. Now here are your hosts, Eric Townsend and Patrick Sarrezna.

Macro Voices Episode 202 was recorded on January 16, 2020. I'm Eric Townsend. This episode

of Macro Voices is brought to you by top traders on Plugged.com, a podcast dedicated to

quant and rules based investing, helping investors overcome behavioral biases. Grant Williams,

editor and publisher of the things that make you go, hmm, newsletter. Join me as this

week's feature interview guest. We'll discuss civil unrest around the globe, what's causing

it, what it means, and where it's all headed. We'll also discuss failed unicorn stocks

like we work and not yet failed unicorn stocks like Tesla. And of course, it wouldn't be

Grant Williams without coverage of gold and where precious metals are headed. Be sure

to stay tuned for our post-game segment after the feature interview, when Patrick and I

will take a deep dive into the gold collar option strategy, which we discussed briefly

last week. And I'm Patrick Sarrezna. Now, Eric, the S&P 500 hasn't led up above 3,300

here. What's your take on what's going on in the S&P? Well, Patrick, lots of people

have theories for why the market should be topping here. Saxo Bank had a note out saying

this could be it. A lot of people have been saying, okay, once we get the trade deal, it's

going to be a sell the news story because after the trade deals done, what's the next thing

for the market to look forward to? Well, needless to say, those theories haven't panned out,

but at least as of this afternoon, we're right on new all time highs yet again above 3,300.

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