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 Sarrezna.

Macro Voices episode 287 was recorded on September 2nd, 2021. I'm Eric Townsend. This episode

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

better serve the needs of both market participants and society as a whole. And by escrow.com, the world's

most secure online payment system from a counterparty risk perspective because the funds sit in escrow.

Logic of funds founder Wayne Himmelsign joins me as this week's feature interview guest

when the topic will be trading the long volatility strategy. Then be sure to stay tuned for

our post game segment after the feature interview when Patrick will present a slide deck which

translates a lot of the concepts that win presented into actionable long-volved trades

that work in today's market. And I'm Patrick Sarrezna. Eric, let's jump to the S&P 500.

We took a couple weeks summer break and ran that special and really nothing has changed.

The market just keeps plugging away on the upside where I've 45, 36 at the time of recording

this on the S&P 500. What's your take on these markets? Patrick, my view is really unchanged

from before our summer break. I think we're in the middle of an Austrian crack up boom and

I think that the market is likely to head higher from here. Not because these valuations

make sense but because there's too much easy money chasing around in the system. So I think

that this is likely to continue and I don't see any reason for it to change but if it did

change, boy, if we're in a awfully long way up to fall from here.

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