This is MacroVoices, the free weekly financial podcast targeting professional finance, high

net worth individuals, family offices, and other sophisticated investors. MacroVoices

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 Ceresna. MacroVoices episode 385 was produced on July

20, 2023. I'm Eric Townsend. When crude oil started showing signs of a bullish breakout

last week, I told you we really needed to get Dr. Anasal Haji back on the show for another

update. Since he told us on his last interview to expect the market to turn bullish in the

second half of this year, so honest returns is this week's feature interview guest and

we'll discuss everything from an update on his market outlook to why Chinese reopening

didn't have the demand recovery effect so many of us predicted. And I'm Patrick Ceresna

with the Macro Scoreboard week over week as of the close of Wednesday, July 19, 2023,

the S&P 500 futures, up 226 basis points to 4609. We'll take a closer look at that chart

and the key technical levels to watch in the post game segment. US Dollar indexed down

27 basis points to 100 spot three, a Dixie consolidating after last week's heavy breakdown.

The September WTI crude oil contract down 33 basis points to 7529. We'll take a look at that

chart in the post game and Eric will have the EIA inventory data. Gold up 97 basis points

closing to 1981 trading now towards the round number resistance at 2000 copper down 104 basis points

to 381 continuing to consolidate in a multi-month range Uranium up 54 basis points closing at 5585

and the US 10 year treasury will down 11 basis points closing at 375 back to the June trading

ranges between 370 and 380 the key news to watch. We are getting into the heart of earning season

and next week we have global PMIs and the FOMC ECB and the Bank of Japan monetary policy statements.

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