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 Suresna.

Macro Voices Episode 366 was produced on March 9, 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. Gav Calco founder Louis Vincent

Gav returns as this week's feature interview guest. Louis and I will talk about a number

of big picture factors driving the markets, ranging from geopolitical escalation to Chinese

demand to why precious metals haven't responded more to geopolitical risk escalation.

And I'm Patrick Suresna with the Macro Scoreboard week over week as of the close of Wednesday

March 8, 2023. The S&P 500 was up 1% closing at $39.95 but that doesn't tell the whole story.

What was noteworthy was the material rally on Friday that held into the start of the week

but then sharply reversed down on Powell's testimony.

The US dollar index was up 1.2% closing at 105.65. Again breaking to a fresh one month high.

The April WTI oil contract was down 1.5% closing at 76.66. But in three week retests those

January, February highs in the top of the trade range before coming back down. We will

look at that chart and Eric will have the EIA inventory data in the post game segment.

Gold was down 1.5% closing at 18.18. Copper was down 3.2% closing at $4.3. The volatility

continues since putting in that January high. Uranium was up 0.3% closing at 51.15. But

resistance continues along the September October highs. The 10-year treasure yield was unchanged

...