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 374 was produced on May 4, 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.

Whalen Global Advisors founder Chris Whalen returns as this week's feature interview

guest. We'll discuss the formative banking crisis, what's driving it and what comes next.

We'll also touch on the outlooks for stocks and precious metals.

And I'm Patrick Sarrezna with the Macro Scoreboard Week Over Week as of the close of Wednesday,

May 3, 2023. The S&P 500 was up 0.8% closing at 4107. We'll take a closer look at that

chart and key technical levels to watch in the post game segment. The US dollar index

was down 0.2% closing at 101 spot 22. Continuing to remain weak trading along its 52-week lows.

The June WTI crude oil contract was down 7.7% closing at 68-60. But the drop has been

relentless as we have seen a peak to trough drop of $20 since the mid-April highs. We'll

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

Gold up 2.1% to 2037. Gold this morning is testing its all-time high. We will discuss

the chart in the after show, copper down 0.3% closing at 384 and uranium up 2.4% closing at 5335,

breaking out to a new high for the calendar year. The US 10-year treasure yield down 11

basis points closing at 334 points. The key news to watch on Friday, we have the release of the

...