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 332 was recorded on July 14, 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.

Lynn Alden returns as this week's feature interview guest will take a deep dive on energy

markets and the tug of war between recession fears pulling oil prices lower and tight physical

markets implying they're already too low. Then we'll look at inflation, the US dollar,

treasury yields, and what Linux expects them to do if inflation worsens and much more.

And be sure to stay tuned for our post-game segment when Patrick's Chart Deck will be titled

Perspectives on Market Breath. And finally a quick production note. Our research round

up email may be delayed this week by as much as a few hours after the podcast is released

on Thursday evening. Please bear with us, it's coming very soon after the podcast we promise.

And if you just can't wait, you can always log into your account at macrovoices.com where

you can access the download links for Lynn Alden's Chart Deck.

Now I'm Patrick Sarasna, Eric. Let's jump to that S&P 500. And while over the last, let's

say month, we've seen a number of short-term rallies where the bulls have been able

to put together a couple hundred S&P points over a couple days. The pattern of failed rallies

and markets rolling over just stays so dominant. And I want to talk about it in the post-game

...