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 536 was produced on June 11th,

2026. I'm Eric Townsend. The Strait of Hormuz crisis

escalated this week with President Trump's anticipated signing of a peace deal early this week,

now a forgotten memory. Meanwhile, the stock market took an abrupt turn lower last Friday,

and the selling continued on Tuesday and Wednesday of

this week. Is this just a routine pullback to the 50-day moving average, or is it the start of

something much bigger? To try to answer that question and several more, we're bringing back

best-selling author and Bear Trap's report founder, Larry MacDonald McDonald is this week's feature interview guest.

Larry and I will discuss what's driven this sell-off, whether the Iran conflict had anything

to do with it, and where the opportunities lie in today's markets. Then be sure to stay

tuned for our post-game segment for Patrick's Trade of the week and our usual coverage of all the markets.

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

June 10, 2006. The S&P 500 indexed down 379 basis points trading at 7267. We are seeing the first cracks

in this bull advance as we're now testing

a 50-day moving average. We'll take a closer look at that chart and the key technical levels

to watch in the post-game segment. The US dollar index up 53 basis points, trading out 100 spot

08, attempting a key bull breakout the july w ti crude oil down 624 basis points trading at 90 spot

o three relentless grinding against this macro backdrop the july r bob gasoline down 64 basis points to 311

...