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 372 was produced on April 20, 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.

Rosenberg Research Founder David Rosenberg returns as this week's feature interview guest.

Rosie says the bottom isn't in yet for the stock market and the long awaited recession

has finally begun now. We'll also discuss precious metals, bond yields and FOMC policy.

An on Patrick Sarrezna with the Macro Scoreboard week over week as of the close of Wednesday,

April 19, 2023. The S&P 500 was up 1.2% closing at 4178. We'll take a closer look at that chart

and the key technical levels to watch in the post-game segment. The US Dollar Index up 0.4%

closing at 101.94. Dollar is reflexively rallying after testing a key support. The June

WTI Crude Oil Futures contract down 4.6% closing at 79.24. We're seeing now deeper version

of the recent strength. We'll look at that chart and Eric will have the EIA inventory data

in the post-game. Gold down 0.9% closing at 2007. Stalled on the week over week advance,

but the bull trend remains intact. Copper flat on the week closing at 408. Uranium up 0.2%

closing at 51.20. US 10-year treasury yield up 19 basis points closing at 359 points.

The key news to watch on Friday is the release of the Flash Manufacturing and Services PMIs.

And next week we have another big wave of corporate earnings and the Bank of Japan monetary

...