After #CPI next week, the #SPX could see 4500!
Jim Welsh of Macro Tides sits down with Blake Morrow and talks about key macro themes he’s focused on following ahead of next week’s CPI and following the #NFP this week. He believes that stocks continue higher following the report as it is making traders believe we may skirt a recession. However, he discusses the reasons why this thinking may be flawed in the weeks ahead. He thinks jobless claims may really start to rise soon and gives his examples why he believes this.
He also thinks next week’s #CPI data may allow for a continued rally in the #SPX to new highs and shows you his technical view.
He also gives his technical views of the #USD #gold and #TLT.
#trading_news #trading_analysis #trading_interview #tradersummit #markets #market_analysis #forex #forex_trading #forex_trading_interview #Jim_Welsh #SPX #USD #S&P500 #Bonds #Gold #interest_rate_news #Fed #FOMC
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