Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to MacroVoices. Erik and Daniel debate if this is a market correction or is it the end of the bull market? They touch on the Fed's responsiveness to changing monetary policy and ask where bond yield's are heading from here? They proceed to touch on Europe, the ECB, Italy, European junk bonds, Emerging Markets and more.During the post game Marin Katusa joins us to discuss Mohammed bin Salman, Saudi Arabia, oil prices and gold.