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 288 was recorded on September 9, 2021. I'm Eric Townsend. This episode

is brought to you by Abbex 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. View from the peak founder Paul Craig returns

as this week's feature interview guest will discuss what Paul calls mega-themedix, the

important trends to watch in the current macro environment. Patrick Sarrezna is off

this week. Kevin Muir joins me as this week's co-host and be sure to stay tuned for

our post-game segment. When Kevin and I will discuss the US economic surprise index as

it relates to inflation. Eric, great to be with you. Let's jump

right into it. What are you seeing this week in the S&P 500?

Absolutely. Nothing that I haven't seen the last umpteen weeks, which is the melt-up

continues. What's it been all of three days now that we've gone since the S&P showed

a new all-time high and already people are panicking? At some point, Kevin, you and I both

know this has to end badly, but I don't think it's any time soon. It is being a slow summer.

It's one of those things that you were better off just taking the month off and RVing across

Canada. Is that what you did? Yes, that's what I did. Okay, so let's talk about the next

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