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 or bearish, no holds barred.

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

Macro Voices episode 262 was recorded on March 11, 2021. I'm Eric Townsend. This episode

is brought to you by ABIC's technologies, pioneering the design of smarter markets that

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Quadriga asset management portfolio manager Diego Padreja returns as this week's feature

interview guest. With apologies in advance to those of you who are waiting for a deflationist,

we really do have some of those guys in the pipeline folks, but Diego is in the inflation

camp. We'll discuss why and talk about what the inflation trend means for bond yields,

equity markets and commodities. We'll also discuss gold, the VIX and much more. Then be

sure to stay tuned for our post game segment. When gold royalty corporation CEO Amir Ednani

joins us to discuss the royalty and streaming business models for precious metals. And

where precious metals streaming shares fit into a portfolio allocation strategy.

Non-Patrick Sarasna Eric, let's jump to the S&P 500. It really continues to be a tale

of two markets. The NASDAQ is a huge laggard, but the Russell small caps, the S&P 500, everything

seems to be back, particularly those kind of cyclical areas and financials have continued

to plug away. And the S&P is trying to plug to a new high. What's your take on all of this?

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