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 Suresna. MacroVoices episode 396 was produced on October 5th, 2023. I'm Eric

Townsend. Forrest for the trees founder, Luke Gromund returns as this week's feature

interview guest. Luke and I will deconstruct the dollar bond yield relationship and discuss

treasury yields running away this week and where they're headed next.

And I'm Patrick Suresna with the macro scoreboard week over week as of the close of Wednesday

October 4th, 2023. The macro scoreboard is brought to you by bigpitchetraining.com.

The S&P 500 December futures were down 37 basis points closing at 42.97. Decise of selling

continues a third week in a row. We will have a closer look at that chart and that key

technical levels to watch in the post game. The US dollar index up 11 basis points closing

to 1067, a breakout to new 2023 highs. The November WTI crude oil contract down 1010 basis

points closing at 84.22. A dramatic reversal after hitting $94 highs. We'll look at that

chart in the post game and Eric will have the EIA inventory data. The November are Bob

gasoline futures down 1373 basis points closing at 220. Also a material reversal in gasoline

futures now 50 cents off their September highs. The December gold contract down 296

basis points closing at 1835. The breakdown now testing March lows. A copper down 137

basis points closing at 359. Also trading back to the 2023 lows. Uranium down 127 basis points

closing at 7010 finally paused its advance after a solid one month run higher. The US 10 year

treasure yield up 13 basis points closing at 474. A material breakout in yields pushing to fresh

...