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 273 was recorded on May 27, 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. And by,

Abracilver Resource Corporation, a premier emerging silver and gold exploration company,

ticker ABRA on TSX Venture and ABBRF in the United States. New York Times bestselling

author and curator of the Bear Trap's report Larry McDonald joins me as this week's

feature interview guest. We'll discuss inflation, bond yields, market outlooks, and much more.

Then be sure to stay tuned for our post game segment after the feature interview when

Patrick's chart deck will be titled Turing the Commodity Stocks. We'll take a look at

the various different commodity stocks and see where the trading opportunities lie.

And I'm Patrick Sarresna. Now Eric, let's jump into that S&P 500 because we're back

very close to the 52 week high and the market is just muddling along up here. What's your

take? Do you think we punched a new highs from here?

Well, I don't know Patrick. We've gone almost two whole weeks without a new all-time high

on the stock market and we've reached a point where most people think that's an unusual

circumstance. So yeah, I think we go higher and I think we keep going higher and higher

and higher until someday this all breaks. And when it breaks, I think it's going to be

...