This is Macro Voices, 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 or bearish, no holds barred.

Now, here are your hosts, Eric Townsend and Patrick Sarrezna.

Macro Voices Episode 361 was produced on February 2, 2023. 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.

Hante Investments Fund Manager, Alex Garavitch returns as this week's feature interview guest.

We'll discuss this week's FOMC statement in press briefing, inflation, crude oil, interest

rates, equity markets, and precious metals.

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

Eric's feature interview with Alex when Eric Nick and I will discuss the post FOMC charts

on the S&P 500 NASDAQ, VIX, gold, oil, and more. Eric, before we move on to the feature

interview with Alex, let's cover crude oil starting with the EIA inventory.

EIA printed a massive 4.1 million barrel build this week and finally no SPR drawdown.

Now that was against expectations of a small drawdown.

Cushing, Oklahoma, building 2.3 million barrels, gasoline building 2.6 million barrels, distillates

building 2.3 million barrels, US production unchanged at 12.2 million barrels.

So builds across the board.

This was the sixth build in a row on the EIA data series and for the last five weeks we've

had some pretty significant builds which normally would be bearish.

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