10yr Yields are Going Higher to 5%!
10yr Yields are Going Higher to 5%!
Jim Welsh of Macro Tides and Blake Morrow focused on market conditions, particularly the potential US-Iran draft agreement and its impact on financial markets. Jim explained that rising treasury yields and corporate bond yields were creating pressure on the broad market, despite the S&P 500 reaching all-time highs, noting that semiconductor stocks were propping up the market while most other stocks underperformed. They discussed the contradiction between Iran’s statement about keeping uranium and President Trump’s requirement for uranium elimination, with Jim expressing skepticism about any deal being reached. The conversation covered technical market analysis including bond yield charts, the performance of semiconductor stocks, and potential market tops, with Jim warning that the broad market could be vulnerable to a significant correction if semiconductor stocks peak.
They also discussed gold, crude oil, and the dollar, with Jim predicting continued oil shortages even if prices decline and expressing bullish sentiment on the dollar breaking above $100.
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JWelsh@SmartPortfolios.com
20260523
