MacroVoices #508 Laskhman Achuthan: Inflation Cycles Amid Regime Change

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.8 • 3.4K Ratings

🗓️ 26 November 2025

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

MacroVoices Erik Townsend & Patrick Ceresna welcome, Lakshman Achuthan. They’ll discuss all things cycles, from the current outlook on growth and inflation cycles to how cycles in general perform in times like these when big political and geopolitical headlines are driving markets. https://bit.ly/4iGSes1 🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/483OoFv ✅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/

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.
0:18.8	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 your
0:29.1	hosts, Eric Townsend and Patrick Suresna. Macrovoices episode 508 was produced a day early this week on Wednesday, November 26, 2025,
0:41.4	in observance of tomorrow's American Thanksgiving holiday.
0:45.0	I'm Eric Townsend.
0:46.8	Mr. Business Cycles himself, Eckery, co-founder Lakshman Achuthan returns as this week's feature interview guest.
0:52.7	Locke and I will discuss all things business cycles
0:55.2	from the current outlook on growth and inflation to how cycles in general perform in times like
1:00.7	these when big political and geopolitical headlines are the primary factors driving markets.
1:06.5	And I'm Patrick Seresna with the macro scoreboard week over week as of the close of Tuesday, November 26, 2025.
1:14.2	The S&P 500 index up 187 basis points trading at 6766.
1:20.4	The market materially rebounding from its first meaningful correction since Liberation Day.
1:26.1	We'll take a closer look at that chart and the key
1:28.3	technical levels to watch in the postgame segment. The US dollar index down 33 basis points
1:34.6	trading at 9978. The January WTI crude oil contract down 219 basis points trading at 5795. Oil down, now within a stone throw of year lows.
1:47.8	The January Arbob gasoline, down 323 basis points to 180. The February gold contract, up 138 basis
1:57.1	points, trading at 4177. Gold continuing to strengthen off of recent lows that march copper
2:04.3	contract down 20 basis points trading at 509 the december uranium contract down 39 basis points
2:11.1	trading to 7585 and the u.s 10 year treasury yield down 13 basis points, trading at 401, now trading again
2:20.0	at that key level of 4%. The key news to watch next week is the ISM Manufacturing and Services
2:26.9	PMIs, the ADP non-farm employment change, and the core PCE price index. This week's feature interview guest is Eckery co-founder Lakshman Achuthan.
	...

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