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 327 was recorded on June 9, 2022. I'm Eric Townsend.

This episode of Macro Voices was made possible by respect energy, a leading European trader

of renewable energy and a one-stop shop for all green energy investors.

Forest for the trees founder Luke Gromand returns as this week's feature interview guest,

will discuss foreign divestiture of US assets, inflation, precious metals, looks outlook for

the US dollar, and much more. Then be sure to stay tuned for our post-game segment when

Patrick's Chart Deck will be titled Summer Grind.

I'm Patrick Sarresna, Eric. Let's jump straight into that S&P 500. Obviously after a

huge couple months of volatility, it's been a very quiet week. It seems the direction

of the market has really calmed down. What's your take on all of this?

Well, the question on my mind is, is it the calm before the storm? I think this all hinges

on whether or not inflation is really transitory and ending as so many people are convinced

that it is. If you two are convinced that it is, well probably all is well. The bottoms

probably in on the stock market will probably see this eventually recover as the Fed put

is there to save the day no matter what.

But frankly Patrick, I don't think that's what's going on here and I have an evolving

what I would call a perfect storm scenario which could make me super bearish like worse

...