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 Sarasna.

Macro Voices Episode 222 was recorded on June 4, 2020. I'm Eric Townsend. This episode

of Macro Voices is dedicated to healthcare workers all over the world, the true heroes

of the COVID-19 pandemic crisis and is brought to you by toptradersonplug.com, a podcast

dedicated to quant and rules based investing, helping investors overcome behavioral biases.

Vikram Manshara Mane joins me as this week's feature interview guest. We'll discuss how

supply chains are restructuring around the globe in the wake of the COVID-19 pandemic,

the coming secular shift from deflation to inflation, and much more. Then be sure to

stay tuned for our post-game segment, we'll discuss the sudden increase in civil unrest

in the United States, what it means, where it's headed, and what signs investors should

watch for in the markets and in the news flow.

And I'm Patrick Sarasna. Eric let's dive into the S&P 500 which a little bit of a pause

today at 3,100 but it's been pretty much a steady climb higher, just crawling. It's

not even huge momentum on the upside, but it's just every day seems to make a little bit

of progress. Where's this all going?

Well, you know, Patrick, the old adage is the time to buy stocks as when they're really

low when there's blood in the streets. Well, unfortunately, we've got blood in the streets

in the most literal sense. Yet we're basically, and it looks to me like we're in a rally which

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