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 298 was recorded on November 18th, 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.

A Humber Investments CIO Jeffree Snyder returns as this week's feature interview guest and

I think you're really going to love this interview. Jeff gives the first truly credible

counter argument that I've heard to date for the secular inflation thesis that so many

of our expert guests and I myself have come around to in the last couple of years.

Then be sure to stay tuned for our post game segment when Patrick's Chart Deck is titled

Can the Trends Continue. And finally, you can expect Macro Voices to air one day early

next week on Wednesday, November 24th due to the American Thanksgiving holiday on November

25th.

And I'm Patrick Sarrezna. Now, Eric, let's jump into S&P 500. I want to talk about a chart

in the post game about it. But right now, it looks pretty quiet. I mean, we haven't made

a 52 week high in a week. It's crazy. But do you think the breakout potential is there?

Well, I certainly do. I mean, we're still above all of the short-term moving averages.

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