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 492 was produced on August 7th, 2025.

I'm Eric Townsend.

Tressis chief economist and fund manager Daniel LaCalle, returns as this week's

feature interview guest.

We'll talk tariffs, recession risks, the European perspective on U.S. geopolitics,

markets, and the future of the EU's relationship with the United

States. Precious metals, energy, and much more. The nuclear debate I hosted with Mark Nelson

and Dumeberg for Zero Hedge was very well received, and you'll find the replay link in your

Research Roundup email. I'll be hosting another

event exploring what it's going to take to really scale nuclear energy up to replace a meaningful

amount of the energy we now rely on fossil fuels for. That's coming up next Thursday evening,

August 14th at 7 p.m. Eastern Time at zero hedge.com.

And I'm Patrick Suresna with the macro scoreboard week over week as of the close of Wednesday, August 6, 2025.

The S&P 500 indexed down 28 basis points trading to 6345.

First meaningful market correction happened last week, but the question

to answer is the correction over or is there more selling to come? 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 170 basis

points trading to 9819, giving back almost all the gains from last week.

The September WTI crude oil contract down 807 basis points, trading to 6435, dramatically reversing on the jobs numbers.

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