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 471 was produced on March 13th, 2025.

I'm Eric Townsend.

Variant Perception CEO, Tian Yang returns as this week's feature interview guest,

and of course he brought one of Variant Perceptions famous slide decks with him.

We'll talk LEIs and step through Variant Per variant perceptions outlooks for everything from stocks to

fixed income to FX to commodities, including gold. After Monday's stock market slaughter,

just about everyone is wishing that they'd hedged downside equity market risk back in late February

using options. While it's too late to employ the hedging strategies that would have worked if you'd put

them on back in February, that doesn't mean that there aren't still strategies that you

can use to employ options to shore up risk and repair your portfolio.

So be sure to stay tuned for our postgame segment after the feature interview when I'm going to

ask Patrick to give us a quick overview of a webinar that he's putting together on that very

subject. And I'm Patrick Suresna with the macro scoreboard week over week as of the close of Wednesday,

March 12, 2025. The S&P 500 indexed down 416 basis points to 5599, a peak to trough 10% decline in just three weeks.

The question, are the markets oversold enough for a short squeeze?

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

The US dollar index down 66 basis points, training at 103.58, two consecutive weeks of

selling doing meaningful technical damage to the charts.

The April WTI crude oil contract up 208 basis points, training at 6769.

...