MacroVoices Erik Townsend &amp; Patrick Ceresna welcome, Lyn Alden. They discuss the Hormuz crisis, Fed policy under new leadership, budget deficits, the AI trade, and AI&#x27;s mounting demands on energy markets. https://bit.ly/4oJoM7q 🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/3R2YuAL ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://secure.bigpicturetrading.com/membership/signup/fOY4YJYX 🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 🔴 Subscribe to Erik&#x27;s Substack: https://eriktownsend.substack.com/

MacroVoices #538 Lyn Alden: Is The War Really Over and What’s Next For Markets?

Macro Voices

This is Macro Voices, the free weekly financial podcast targeting professional finance, high net worth individuals, family offices and other sophisticated investors. Macro Voices 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, Erik Townsend and Patrick Ceresna.

Macro Voices episode 538 was produced on June 25th, 2026. I'm Erik Townsend. Traffic is starting to flow through the Strait of Hormuz and many indications suggest that the Iran conflict is finally coming to an end, although the jury is still out on the nuclear negotiations with U.S. and Iranian officials making diametrically opposing public statements about what has and hasn't been agreed to.

And to my great surprise, the dollar index broke out to the upside and the stock market started to roll over slightly lower, coincident with the news suggesting that the conflict is finally ending, which certainly wasn't what I was expecting. So to make sense of whether the conflict is really over and what it all means for financial markets, I'm pleased to welcome back bestselling author and Macro Voices all time listener favorite, Lynn Alden as this week's feature interview guest.

Lynn and I will discuss the Hormuz crisis status, what to expect from the Federal Reserve and its new leadership, budget deficits, the AI trade and whether it's a bubble that's about to burst or a trend that still has legs, the demands AI will place on energy markets and much more. Then be sure to stay tuned for our postgame segment after the feature interview, starting with Patrick's trade of the week based on Lynn Alden's interview.

MacroVoices #538 Lyn Alden: Is The War Really Over and What’s Next For Markets?

Read the full transcript

The candid version is on a podcast,
not the earnings call.

MacroVoices #538 Lyn Alden: Is The War Really Over and What’s Next For Markets?

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.