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 422 was produced on April 4, 2024. I'm Eric Townsend.

Bear Traps Report founder Larry McDonald returns as this week's feature interview guest.

We'll discuss why Gold's correlations to Treasury rates and the dollar have broken down, the inflation outlook, energy, and much more.

Larry also has a new book out just last week and already it's in the number one position in the finance category on Amazon. We'll cover

what's in the book as well. As you've probably already surmised, I'm suffering

the worst case of laryngitis of my entire life and was only just barely able to get

through recording the feature interview with Larry McDonald this week.

So I'll be leaving the entire post-game segment in Patrick and Nick's able hands this week

and won't be giving my usual report on crude oil inventories.

Thanks for your patience, folks.

We should be back to our usual format next week.

And I'm Patrick Sorezna with the Macro Scoreboard week over week as of the close of Wednesday, April 3rd,

2024. The S&B 500 June futures down 79 basis points trading at 5266.

This is the first pause in the uptrend, but is it the start of a bigger correction?

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

The US dollar index down seven basis points trading at 10422, failed to hold a breakout above the February

highs. The May, W.T.I. Crud Oil contract, up 502 basis points, trading at 8543. The bull trend continues. We'll take a look at that

...