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 514 was produced on January 8th, 2026. I'm Eric Townsend. Happy New Year's,

everyone. 42 macro founder Darius Dale returns as this week's feature interview guest. Darius thinks that

one year from now in January 2027, we'll probably look back on 2026 as an up year for most

financial markets.

But Darius says put your seatbelt on for the first few months of the year, which he thinks

could be quite turbulent.

Then be sure to stay tuned for our postgame segment after the feature interview when we'll

have Patrick's trade of the week, plus our perspective on all the major markets, and particularly,

we've got quite a bit to say about crude oil, gold, and uranium this week.

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

January 7, 2006.

The S&P 500 index up 110 basis points, trading at 6920.

The market continues to press all-time highs.

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

The U.S. dollar index up 46 basis points, trading at 9873.

The February WTI crude oil contract down 249 basis points to 5599, while responsive, relatively

modest volatility on the Venezuelan use.

The February Arbob gasoline, down 117 basis points, training at 169. The February gold contract,

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