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 367 was produced on March 16, 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.

Forrest for the trees founder Luke Gromund returns as this week's feature interview guest

will discuss how the US dollar has fared in the wake of central banked-of-estitures and

some countries settling oil transactions in other currencies and then will discuss Luke's

outlook for the dollar and for markets and the wake of Silicon Valley banks collapse

after the biggest bank run in history last Thursday. And yes, folks, there has been a disturbance

in the forest since our last podcast. So we'll also include a short segment to review

what happened at Silicon Valley bank, what it means and what comes next after the feature

interview with Luke and before we dive into our usual post-game chart deck.

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

March 15, 2023. The S&P 500 was down 1.8% closing at 39.25% but what is actually noteworthy

is that in spite of the weakness in financials, equity markets are resiliently holding in

with even the NASDAQ up close to 1% week over week. That US dollar index down 0.9% closing

at 104.75% but the next moves really will hinge on the reactions to potential central bank

pivots. The April WTI crude oil contract down 11.8% closing at 67.61%. We will look at

...