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 269 was recorded on April 29, 2021. I'm Eric Townsend. This episode

is brought to you by Abbex Technologies, pioneering the design of smarter markets that better

meet the needs of both market participants and society as a whole and by freelancer.com,

the internet's premier website for putting independent freelance contractors in touch with

employers who need their services. No more a quant guru, Charlie McElegant is back

as this week's feature interview guest. Charlie says the reflation trade that kind of

reversed and started to go away in April is likely to reverse again and come back with

the vengeance with still more reflation to come. We'll talk about everything from inflation

to bond yields to the market outlook for stocks and other asset classes. Now Charlie's

interview will be a treasure chest of macro insights, but you might be left at the end

wondering, okay so what's the actual trade I put on if I believe Charlie's right about

what he just said. Well to answer that question and more, our own Patrick Sarresna has prepared

a slide deck specifically designed to translate Charlie's macro insights into actionable trade

strategies and that's coming up in our post game segment after the feature interview.

And I'm Patrick Sarresna, Eric let's jump straight into that S&P 500. The first reactions

in the post FOMC were generally upwards, but nothing no crazy big moves. I mean we're

sitting exactly at 4200 at the time I'm recording and it just seems more of the same.

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