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 400 was produced on November 2nd, 2023. I'm Eric Townsend.

Commonity context founder Rory Johnston returns to talk all things crude oil in this week's

feature interview. We'll discuss everything from predictions of massive supply shortfalls

in Q3 and Q4 that didn't quite happen as expected, to geopolitical escalation risk

in the Israel Gaza conflict to the US strategic petroleum reserve.

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

November 1st, 2023. The S&P 500 December futures were up 112 basis points closing at 4256.

We'll take a closer look at that chart and the key technical levels to watch in the postgame

segment. The US dollar index up 12 basis points closing at 10667. The December WTI crude

oil contract down 580 basis points closing at 8044. We'll take a look at that chart

in the postgame. And Eric will have the EIA inventory data. The December are Bob Gasoline

down 372 basis points to 219. The December gold contract down 45 basis points to 1987.

Pumping along the 2000 round number will be interesting to see if we get further breakouts.

Copper futures up 167 basis points closing at 365. Short term bounce higher but far from

a meaningful trend reversal. Uranium up 95 basis points closing at 7445. Once again

pressing to new multi year highs. The US 10 year Treasury yield down 23 basis points

closing at 473. Yields rejecting 5% will be interesting to see if bonds are begin establishing

...