This is Macro Voices, the free weekly financial podcast targeting professional finance, high net worth individuals, family offices, and other sophisticated investors.

Macrovoices 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 Suresna. Macrovoices, episode 462, was produced on January 9th, 2025.

I'm Eric Townsend.

Forest for the Trees founder, Luke Groman returns as this week's feature interview guest.

We'll look ahead to the new year and discuss what it means for macro and markets,

from the dollar to treasury yields to Bitcoin to precious metals.

Our year-end specials on the future of nuclear energy were well received by our audience.

But for those who prefer written content over podcast interviews,

I also have a new substack post making my arguments for why thermal spectrum molten salt breeder reactors

should do most of the heavy lifting

for energy transition and why I think the tech bros current emphasis on fast reactors is misguided.

You can find that post at eric townsend.substack.com.

And I'm Patrick Serresna with the macro scoreboard week over week as of the close of

Wednesday, January 8th, 2025. The S&P 500 index up of 49 basis points trading at 59

64. While the index level is flat week over week, the underpinning market breadth continues

to deteriorate. We'll take a closer look at that chart

and the key technical levels to watch in the postgame segment. The US dollar index up 49

basis points trading at 10901. Breakout again to new highs for the year. The February WTI crude

oil contract up 224 basis points trading at 7333, bullishly broke out of the three-month trade range, but will the bulls be able to follow through?

The February R. Bob gasoline flat on the week at 201. The February gold contract up 144 basis points to 2679.

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