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 291 was recorded on September 30th, 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. Joining me as a first time feature interview

guest this week is Yerun Blockland, founder of True Insights. We'll discuss inflation

the feds dot plot and where interest rates are headed, portfolio allocations, and much

more. Then be sure to stay tuned for our post game segment when we'll be joined by mining

industry veteran David Garofalo. We'll discuss the financialization of the gold mining industry

and changes to its capital formation process. And I'm Patrick Sarresna. Now Eric, let's

get to that S&P 500. The rally didn't stick and the distributions back. What's your

take on? What's going on in the markets here? Well, I'm going to tentatively change

my tune this week, Patrick, for the last few weeks I've been saying, yeah, I think they're

going to buy this dip, you know, this was obviously brought on by the taper announcement,

but everything else we've seen recently has been markets have just shrugged things off.

Well, first of all, if we actually go back to the history of previous tapers, the market

always shrugs it off after the fed comes in to rescue the market after the market has

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