MacroVoices #452 Darius Dale: No Difference Between Trump & Harris

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.8 • 3.4K Ratings

🗓️ 31 October 2024

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

MacroVoices Erik Townsend & Patrick Ceresna welcome back, Darius Dale. Darius argues that, for the financial markets, the outcome of next week’s U.S. presidential election is surprisingly inconsequential. They’ll delve into this perspective before exploring the drivers behind persistent inflation, the reasons for expecting the U.S. economy to remain robust, the Fed’s determination to achieve a soft landing, and why he’s confident that market liquidity will keep increasing. https://bit.ly/40qGxyb ⚫ Follow Darius Dale on X: https://www.x.com/DariusDale42🔻Download Big Picture Trading Chartbook: 📈📉: https://bit.ly/3YLjQUr ✅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,
0:25.6	bullish or bearish, no holds barred.
0:28.3	Now here are your hosts, Eric Townsend and Patrick Sorezna.
0:40.0	Macro Voices episode 452 was produced on October 31st, 2024. I'm Eric Townsend.
0:41.0	Happy Halloween.
0:42.0	42 Macro founder Darius Dale returns as this week's feature interview guest.
0:46.4	Darius says that with regard to financial markets, it almost doesn't matter who wins next
0:51.5	week's U.S. presidential election.
0:53.8	He'll explain that view before we move on to persistent inflation, why Darius says the U.S. economy
0:59.7	will remain strong, why the Fed wants so badly to engineer a soft landing, and why Darius is convinced
1:06.3	that liquidity will continue to rise.
1:08.9	We'll also talk about gold and where it's headed.
1:11.6	And I'm Patrick Serresna with the Macro Scoreboard week over week as of the close of Wednesday,
1:16.8	October 30, 2024.
1:19.6	The December S&P 500 futures up 24 basis points trading at 5852. While flat, week over week we are
1:27.6	seeing selling on the first reactions to the Mag7 earnings. We'll take a closer look at that chart and the key technical
1:34.0	levels to watch in the post-game segment. The US dollar index down 31 basis points to
1:40.1	10410. After a four-week bull advance, the dollar is consolidating into the elections.
1:47.0	The December W.T.I. Crude Oil contract down 305 basis points points trading at 6861 big geopolitical gap lower has been
1:57.2	closing all week we'll take a look at that chart in the post game and Eric will have the
	...

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