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 321 was recorded on April 28, 2022. I'm Eric Townsend.

This episode of Macro Voices was brought to you by FarmTogether.com where you can hedge

against inflation and protect your portfolio by investing in U.S. farmland, now available

to all accredited investors and by composer, making institutional grade quantitative algorithmic

trading and bank testing available to the masses. With escalating geopolitical conflict

around the globe, commodities come into focus for their critical role in the global economy.

So we're bringing back Saxo banks, commodities desk chief Ola Hansen as this week's feature

interview guest. We'll discuss what both inflation and the escalating war situation mean

for commodities and I think you'll really enjoy this interview. Then be sure to stay tuned

for our post game segment when Patrick's chart deck will be titled Technical Crossroads.

And I'm Patrick Sarresna, Eric. You know what, last week's episode I was contemplating

the idea that the market could be due for a little bit of a rally from an oversold correction

well that lasted a whole five, ten minutes and before the show was even released to sell

off again we basically saw the S&P, you know wipe out close to three, four hundred S&P

points in a week, retesting those march lows. What's your take on what just happened here?

Well Patrick I have to say I'm baffled by the sentiment I perceive from everybody including

yourself. You know you were talking about boy we're coming off that oversold condition.

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