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 Sarresna.

Macro Voices episode 254 was recorded on January 14, 2021. I'm Eric Townsend. This episode

is brought to you by ABEC's Technologies, pioneering the design of smarter markets that better

meet the needs of both market participants and society as a whole. The US dollar index

is bouncing this week, but so far not by enough to negate the precipitous decline that

we've seen since mid-October. Is this the beginning of a trend reversal to the upside

or just a dead cat bounce? Forest for the trees founder Luke Gromund returns is this week's

feature interview guest to answer that question and many more about where the dollar is added

and what that will mean for other markets. Then be sure to stay tuned for our post-game

segment where we'll take a look under the hood and see what markets are doing with another

of Patrick's signature chart digs. And I'm Patrick Sarresna and Eric, Treasury

yields are usually the last item we cover in our weekly market wrap, but you wanted to

start this week with Treasury, so why the change? Well the reason for the change Patrick

is I think Treasury yields are kind of driving everything else this week and here's how

I see it. Clearly Treasury yields have backed up considerably in the last couple of weeks.

What's going on? Why is that? Well I think it's all about the stimulus expectations, the

spending expectations. President-elect Biden is expected to speak this evening and different

estimates suggest that he's going to announce anything between a one and two trillion with

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