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Macro Voices

MacroVoices #403 Daniel Lacalle: EU Economic Outlook, Inflation, Monetary Aggregates, Energy and Much More

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.83.4K Ratings

🗓️ 22 November 2023

⏱️ 74 minutes

🧾️ Download transcript

Summary

MacroVoices Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to the show. They discuss everything from recession risk to Eurozone economic weakness and what’s causing it, to inflation and why Daniel says last week’s CPI print wasn’t necessary as bullish as market participants have perceived, to monetary aggregate contraction to energy prices and the upcoming OPEC+ meeting this Sunday to what’s happened to public sentiment in Europe relative to nuclear energy. https://bit.ly/47MDHEu Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1 Download Big Picture Trading Chartbook 📈📉:https://bit.ly/3sKrlxI ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J\ Check out Nick's YouTube channel: https://www.youtube.com/c/Optionfinity Join OptionFinity discord: https://discord.gg/Rvnsv6Y Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials

Transcript

Click on a timestamp to play from that location

0:00.0

This is macro voices, the free weekly financial podcast targeting professional finance, high net worth individuals, family offices,

0:16.3

and other sophisticated investors.

0:19.1

Macro Voices is all about the brightest minds in the world of finance and macroeconomics telling it like it is,

0:25.3

bullish or bearish, no holds barred.

0:28.2

Now here are your hosts Eric Townsend and Patrick Sorezna.

0:41.0

Macro Voices episode 403 was produced a day early this week on Wednesday, November 22nd, 2023, due to the American Thanksgiving holiday.

0:44.2

I'm Eric Townsend.

0:45.6

Tressus Chief Economist Daniel Lecaiy returns is this week's feature interview guest,

0:50.0

and I think you're really going to enjoy this interview.

0:52.3

We'll discuss everything from recession risk

0:54.6

to Eurozone economic weakness and what's causing it,

0:57.6

to inflation and why Daniel says last week's

1:00.1

CPI print wasn't necessarily as bullish as market participants have perceived, to monetary

1:05.8

aggregate contraction, to energy prices in the upcoming OPEC Plus meeting this Sunday,

1:11.2

to what's happened to public sentiment in Europe relative to

1:14.3

nuclear energy. And I'm Patrick Serresno with the macro scoreboard week over week as

1:18.8

of Wednesday, November 22nd, 2023. The S&P 500 December futures were up 108 basis points trading at 4568, continuing

1:29.2

it's a relentless advance as we will take a closer look at that chart and the key technical levels to watch in the post-game segment.

1:37.2

The US dollar index down 41 basis points trading at 10-95. The weakness continues but many across currencies at key

1:46.6

pivots. The January W.T.I. Crudale contract down 133 basis points trading at 75-77. We'll take a look at that chart in the post-game

1:56.6

segment, the January Arbob Gasoline down to 127 basis points, trading at 215 the December gold contract up 143 basis

2:07.6

points trading at 1992 testing that critical 2,000 resistance level,

...

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