MacroVoices #486 David Rosenberg: Navigating Choppy Waters

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.8 • 3.4K Ratings

🗓️ 26 June 2025

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

MacroVoices Erik Townsend & Patrick Ceresna welcome, David Rosenberg. They discuss the equity market outlook, inflation, precious metals, the U.S. Dollar, and much more. https://bit.ly/3TJ6MLO 🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/3ZRPY90 ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag 🔴 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 individuals, family offices, and other sophisticated investors.
0:18.9	Macrovoices is all about the brightest minds in the world of finance
0:22.6	and macroeconomics telling it like it is, bullish or bearish, no holds barred. Now, here are
0:29.0	your hosts, Eric Townsend and Patrick Suresna. Macrovoices episode 486 was produced on June June 26, 2025. I'm Eric Townsend.
0:41.4	Rosenberg Research founder David Rosenberg returns as this week's feature interview guest.
0:45.9	Rosie and I will discuss the equity market outlook, inflation, precious metals, the U.S.
0:50.7	dollar, and much more.
0:52.5	And I'm Patrick Suresna with the macro scoreboard week over week as of the close of Wednesday, June 25th, 2025.
1:00.2	The SMP 500 index up 187 basis points trading at 6,092.
1:06.9	It's now directly testing the previous all-time highs, begging the question, so what comes next?
1:13.6	We will take a closer look at that chart and the key technical levels to watch in the postgame segment.
1:19.2	The US dollar index down 125 basis points trading at 9770.
1:25.0	Clear breakdown to multi-year lows, but asking the question, is the floodgate now open?
1:31.5	The July WTI crude oil contract down 1121 basis points, trading at 6492. The perceived de-escalation
1:41.5	of Middle Eastern tensions is pulling that oil risk premium right out.
1:46.3	The July Arbob gasoline also down 965 basis points to 206.
1:51.8	The August gold contract down 121 basis points to 33-43, consolidating towards that 3,300 support line.
2:02.3	The July copper contract up 144 basis points, trading at 492.
2:08.3	Copper is breaking out, but what's next?
2:11.3	Uranium up 530 basis points, training at 7850.
2:16.1	Uranium continues to build on the week-over-week week gains and the U.S. 10-year treasury
2:21.4	yield down 11 basis points trading at 428.
	...

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