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 387 was produced on August 3rd, 2023. I'm

Eric Townsend. Inflation is finally coming back down, but is it about to reverse course

higher again? Or are we truly in the immaculate disinflation that Juliette Clerk described

in her recent MacroVoices interview? To answer that question, EuroDollar University

founder Jeff Snyder returns as this week's feature interview guest. We'll discuss the

inflation story over one of Jeff's infamous chart decks before moving on to consider

whether the soft landing forecast that's become popular is accurate.

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

August 2nd, 2023. The S&P 500 futures were down 126 basis points to 4537. We'll take a

closer look at that chart and the key technical levels to watch in the post game. The US dollar

index up 155 basis points to 10260, surprisingly reversing much of the July blood bath. The September

WTI crude oil contract up 90 basis points to 7949. We'll take a look at that chart in

the post game and Eric will have the EIA inventory data. Gold down 172 basis points to 1975.

The advance has stalled. We'll be important to see if the bulls can defend this price

action. Copper down 154 basis points to 384. Attempted to break out above that critical

$4 level but was decisively rejected. Uranium up 53 basis points to 5640 and the US 10-year

treasury yield up 21 basis points closing at 408 points. Broken through all resistance

levels and now site set on the 2022 high. The key news to watch this week is Friday's

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