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 231 was recorded on August 6, 2020. I'm Eric Townsend. This episode

is brought to you by top traders on plug.com, a podcast dedicated to quant and rules based

investing, helping investors overcome behavioral biases.

Bianco Research Founder Jim Bianco has arguably been the most prescient voice in the world

of finance with regard to predicting the COVID-19 crisis. Yet the rumor on the street is that

notwithstanding the worsening new case counts, Jim has turned bullish on the stock market.

Jim returns as this week's feature interview guest and will start with this apparent

contradiction before moving on to fixed income markets, the US dollar, gold inflation,

digital reserve currencies, and much more. Then be sure to stay tuned for our post game

segment after the feature interview when Patrick is prepared yet another of his famous

post game chart books. And I'm Patrick Sarasna. Now Eric, that

S&P 500 has just not let up. The slow crawl every single day, just a little bit higher.

I'm looking forward to putting up a chart on it in the post game. But what's your thinking

here on the S&P?

You know, Patrick, we're less than 100 points away from a new all-time high again. And

I don't really see the fundamentals in place that would justify a double top pattern in

the chart. I think we're climbing up toward a retest of the previous highs. I think that

...