MacroVoices #451 Brent Johnson: Macro Drivers of UST’s, PM’s & The Role of The BRICS

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.8 • 3.4K Ratings

🗓️ 24 October 2024

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

MacroVoices Erik Townsend & Patrick Ceresna welcome back, Brent Johnson. They’ll discuss foreign demand for U.S. Treasuries, Brent’s outlook for the dollar, equities, precious metals, energy, and much more. https://bit.ly/48B8uWt ⚫ Follow Brent Johnson on X: https://www.x.com/SantiagoAuFund🔻Download Big Picture Trading Chartbook: 📈📉: https://bit.ly/3BYjfG1 ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/3WbYmgH 🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/ 🔴 Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1 Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials

Transcript

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0:00.0	This is macro voices, the free weekly financial podcast targeting professional finance, high net worth
0:14.2	individuals, family offices, and other sophisticated investors. Macro Voices is
0:19.8	all about the brightest minds in the world of finance and macroeconomics telling it like it is,
0:25.5	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 451 was produced on October 24, 2024. I'm Eric Townsend.
0:42.6	Santiago Capital founder Brent Johnson returns as this week's feature interview guest.
0:46.8	We'll discuss foreign demand for U.S. Treasury's,
0:49.5	Brent's outlook for the dollar, equities, precious metals, energy, and much more.
0:54.6	And I'm Patrick Sorezna with the Macro Scoreboard week over week as of the close of Wednesday,
0:59.2	October 23rd, 2024, the December S&P 500 futures down 83 basis points trading at 5838.
1:08.0	Markets stalling out along the highs as we get into the heart of earning season. We'll take a closer look at that chart and the key technical levels to watch
1:16.4	in the post-game segment. The US Dollar Index up 87 basis points trading to
1:21.4	10442 continues to bulishly trend for the fourth week in a row.
1:26.6	The December, W.T.I crude oil up 54 basis points trading at 7077.
1:32.2	Barish news continues, but oil seems to be holding support lines on each dip.
1:37.0	We'll take a closer look at that chart in the postgame, and Eric will have the EIA inventory data.
1:42.0	The December Arbob Gasoline flat on the week at 201,
1:46.1	December gold contract up 219 basis points to 2750. The move has been robust, but has gold gone too far too quickly?
1:55.0	Copper down 92 basis points trading at 433, Uranium down 84 basis points trading at 8255, and the US 10 year Treasury yield up 16 basis points
2:06.3	trading at 420 now 65 basis point rise in yields since the Fed pivot the key news to watch next week is the US
2:14.5	advanced GDP, the Bank of Japan Monetary Policy Statement, the core PCE
	...

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