Welcome to Macro Voices

Erik Townsend and Patrick Ceresna welcome Mike Green to MacroVoices. Erik and Mike discuss:

• Banking crisis and the Fed’s reaction to hike rates
• Reasons for decline in active management despite recent banking crisis
• What would happen if there is a technical default
• De-dollarization – where is it headed
• Governments embracing CBDC
• Benefits and implications of AI technology

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Yes, I give a FIG... thoughts on markets from Michael Green/Profplum99 

Vanguard's trillion-dollar man leads a fixed-income revolution 

Big Picture Trading Chart Book May 11 2023

Erik Townsend and Patrick Ceresna welcome Chris Whalen to MacroVoices. Erik and Chris discuss:

• Latest FOMC
• Is ’08 size banking crisis on the horizon?
• Lessons from the 80’s on what’s ahead
• Funding opportunity dip
• Is the latest hike really the last one?
• Outlook on Fed policy and inflation
• Portfolio construction
• Banking crisis risks & inflation runaway risks

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Supporting Materials for Download are listed below - click to open or download.

The Institutional Risk Analyst 

Big Picture Trading Chart Book May 4 2023

Erik Townsend and Patrick Ceresna welcome Ole Hansen to MacroVoices. Erik and Ole discuss:

• Outlook on US interest rates
• Inflation – where do we go from here?
• US/China trade relations and its impact on commodities
• Backwardation and contango
• Oil prices
• US/Europe natural gas arbitrage
• Copper & precious metals
• Is it time for all-time highs for gold?

Download the podcast transcript: [Click Here]

We strongly recommend that you download the chart book that accompanies this episode, as Erik and Ole will refer to it throughout the discussion. If you are already registered at MacroVoices.com, just login and the download link will appear here once you're logged in. If you haven’t already registered, click the red “Subscribe for FREE” button on the top right side of the home page, and register. Once logged in, you will see the download link(s) and will be able to download the PDF document(s).

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Commodity Slides for MacroVoices 04 2023

Big Picture Trading Chart Book April 27 2023

Erik Townsend and Patrick Ceresna welcome David Rosenberg to MacroVoices. Erik and David discuss:

• Recovery to new all-time highs?
• Market outlook
• Interest rates and inflation
• Credit crisis on the horizon?
• Gold and de-dollarization
• Impact of China’s recovery on global macro outlook
• Precious metals and energy transition

Rosenberg Research Free Trial

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Supporting Materials for Download are listed below - click to open or download.

Big Picture Trading Chart Book April 20 2023

Erik Townsend and Patrick Ceresna welcome Larry McDonald to MacroVoices. Erik and Larry discuss:

• Debt ceiling and monetary policy
• Implications of impending yield curve control
• Could the US default?
• Fed – how much interest expense can they afford?
• “Greenspan crowding out”
• What’s next for oil and gas
• De-dollarization

Download the podcast transcript: [Click Here]

Supporting Materials for Download are listed below - click to open or download.

Get access to The Bear Traps Report 

Big Picture Trading Chart Book April 13 2023

Erik Townsend and Patrick Ceresna welcome Adam Rozencwajg to MacroVoices. Erik and Adam discuss:

• Energy outlook
• China reopening and demand
• What will be the catalyst that would change oil prices 
• Recent gold rally – what’s next for gold?
• How decarbonization agenda will impact copper prices
• Nuclear renaissance

Download the podcast transcript: [Click Here]

Supporting Materials for Download are listed below - click to open or download.

Big Picture Trading Chart Book April 6 2023

Erik Townsend and Patrick Ceresna welcome Dr. Pippa Malmgren to MacroVoices. Erik and Pippa discuss:

• Causes of recent increased nuclear escalation risks
• Possibility of China to annex the Russia/Ukraine conflict
• Where is China/US relations headed?
• The Pentagon’s involvement in SVB bailout
• The ‘little giant’ strategy

Download the podcast transcript: [Click Here]

Supporting Materials for Download are listed below - click to open or download.

Dr. Pippa's Pen and Podcast 

Big Picture Trading Chart Book March 29 2023

Erik Townsend and Patrick Ceresna welcome Charlie McElligott to MacroVoices. Erik and Charlie discuss:

• Banking crisis – is it over or is it just the beginning?
• Monetary policy implications from banking crisis
• Will the Fed retain control of the markets?
• Translating current market backdrop into portfolio construction
• Recent upturn in the VIX – was it signaling an impending crisis
• 0DTE and its effects on market volatility

Download the podcast transcript: [Click Here]

Supporting Materials for Download are listed below - click to open or download.

Big Picture Trading Chart Book March 23 2023

Erik Townsend and Patrick Ceresna welcome Luke Gromen to MacroVoices. Erik and Luke discuss:

• The fall of SVB and the Fed’s hiking cycle
• Is the Fed done with QT?
• What will the Fed do with inflation and what it means for the markets
• Crude oil – what’s next?
• How to play the end of the hiking cycle
• Tensions with Russia & China and what it means for the markets
• Outlook on the US dollar

Download the podcast transcript: [Click Here]

Supporting Materials for Download are listed below - click to open or download.

Big Picture Trading Chart Book March 16 2023

Erik Townsend and Patrick Ceresna welcome Louis-Vincent Gave to MacroVoices. Erik and Louis discuss:

• Hot topic macro themes
• What is the market signalling?
• Energy outlook
• Escalation of conflict between US/Russia and what it means for the markets
• Where is the bond market headed
• Recession outlook
• Fed rate hikes – is it over yet?

Download the podcast transcript: [Click Here]

Supporting Materials for Download are listed below - click to open or download.

Big Picture Trading Chart Book March 9 2023