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 346 was produced on October 20, 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.

Gav Cal co-founder Louis Vincent Gav returns his this week's feature interview guest,

and I think you're really going to love this interview. Louis says it's all about the

pivot, but he's not talking about the so-called power pivot. Almost everyone else is fixated

on. Louis says what's far more important is when Chinese Xi Jinping pivots from zero

COVID policy to reopening the Chinese economy, which Louis says will send a macroeconomic

shockwave through global markets that will reignite inflation and have more overall effect

than the Fed pivot. Most market participants are obsessed with.

And I'm Patrick Sarrezna. Listeners, be sure to stay tuned for our post-game segment after

Eric's feature interview with Louis Vincent Gav when Eric, Nick, and I discuss if there's

more downside to that S&P 500 and will the US dollar make new highs and will also give

technical updates on crude oil, natural gas, gold, copper, and uranium. Now, Eric, before

we move on to our feature interview guest, let's cover crude oil, starting with the EIA

inventory data. Patrick EIA inventory came in with crude oil

drawing down 1.7 million barrels. Now, it was really a 5.3 million barrel drawdown, but

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