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 290 was recorded on September 23rd, 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. JDI Research Founder Julia Tickler returns

is this week's feature interview guest. We'll cover the whole macro picture and then

translate those ideas to actionable market strategies. Then be sure to stay tuned for

our post game segment. When Patrick's chart deck will be titled, is the market correction

over? And I'm Patrick Sarresna, Eric. Let's

look at that SMP 500. I mean, we had obviously since the last episode a pretty definitive breakdown

one day that saw a two 3% drop. And then just like that in the post FOMC, it seems like

we're right back, at least back to a very neutral zone at this moment back above the

50 day moving average. Do you think that that was it for the market correction or is there

more selling to come? I think that was probably it. And you know, I could

be wrong here, Patrick. But the way I see this is everybody's talking about boy weakness

in the market. And I'm thinking, wait a minute, look at the size of the 2013 taper tantrum.

We've just gone through essentially the same type of announcement from the Fed basically

...