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 313 was recorded on March 3, 2022. I'm Eric Townsend. This episode

is brought to you by ABIC's Technologies, pioneering the design of smarter markets that

better serve the needs of both market participants and society as a whole. And by Masterworks,

the billion dollar alternative investment platform that lets you invest in art by legends

like Warhol and Picasso for a fraction of the cost. There are decades when nothing happens

and weeks when decades happen and this has been a week when decades happened. The title

of this week's episode, World War 3 has already started. It's not clickbait written in

response to the military escalation in Ukraine. That was indeed the title of a blog post

penned by my feature interview guest, Dr. Pippa Malmgren. But it might surprise you to

learn that Pippa published that post with that title back on October 29th of last year,

anticipating rather than reacting to this week's news. In this week's feature interview,

we'll discuss the situation in Ukraine, but we'll be looking at it in the context of

a bigger picture that led Pippa and other prominent thought-laters to predict a major escalation

of war tensions long before this particular crisis erupted. Then be sure to stay tuned

for our post-game segment when Patrick's Chart Deck is titled Intermarket Frenzy. What's

next?

And I'm Patrick Sarasna, Eric. Let's jump to that S&P 500. We got, we're very oversold

...