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 501 was produced on October 9th,

2025. I'm Eric Townsend.

Lynn Alden took first place on our top five macro guest countdown, concluded with last

week's episode number 500. But guess who actually beat Lynn for the single episode download

count title? That's right, it's freelancer.com founder and CEO Matt Berry,

whose interviews on artificial intelligence have all been listener favorites. Matt and I will

discuss all things AI in this week's feature interview. Is it a bubble about to burst or a new

secular trend that's just getting started and will soon be bigger than the internet itself.

And what happens when the masses start to revolt after hyperscalers consume all the new electric

generation capacity that we can possibly bring online in the next decade or two?

That's all coming up in this week's feature interview.

Folks, I've been traveling internationally all week, and I have to confess I'm not quite as in tune with markets as usual.

So I'm going to defer to Patrick for most of this week's postgame segment, and don't worry, he's going to have plenty of charts for you.

And we'll also have the new listener favorite trade of the week segment right after the feature interview with Matt Barry.

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

October 8th, 2025. The S&P 500 index up 63 basis points trading at 6753. It continues its relentless rise. We'll take a closer look at that chart and the key technical levels to watch in the postgame segment.

The U.S. dollar index up 115 basis points trading at 9882, breaking out above key levels, begging the question if the U.S. dollar setting up for a squeeze higher.

The November WTI crude oil contract up 125 basis points, trading to 6255, bounce this week, but has a number of key technical hurdles ahead.

The November R. Bob gasoline up 106 basis points, training at 191.

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