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

and other sophisticated investors.

Macro Voices 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 Sorezna.

Macro Voices episode 412 was produced on January 25th, 2024. I'm Eric Townzent.

Dr. Anas Al-Haji returns for a crude oil market update with a fresh outlook for

2024.

Anas says that barring a geopolitical escalation, expect crude prices to hold steady in 2024. But by the late

20-20s, Anna says the global energy crisis that I and so many others have predicted will

be upon us, and prices will be driven much higher.

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

As of the close of Wednesday, January 24, the S&P 500 March futures were up 266 basis points trading at 4898.

A strong bullish impulse now pressing towards the 5,000 level. We'll take a closer look at that chart and the key

technical levels to watch in our post-game segment. The US dollar index down 12 basis points

to 103 and a quarter, the March WTS crude oil contract up 349 basis points

trading at 7 509. Trying to break out of the four month bearish decline, we'll take a

look at that chart in the post game and

Eric will have the EIA inventory data. The March Arbob Gasoline up 370 basis points to 224, The February gold contract up 50 basis points to

2016. Copper up 329 basis points to 389. A bullish a bullish breakout and trading at 10.30. Uranium is stalling out after its huge advance last week.

The US 10-year Treasury yield up 8 basis points closing at 418.

And the key news to watch this week is the PCE price index

...