Bank Lending Standards points to Recession Ahead
Jim Welsh of Macro Tides sits down with Blake Morrow and talks about the market following the US jobs report this week and the Fitch downgrade of US Debt. He thinks that the move from the Bank of Japan was a “bigger deal” to the market and shows and discusses why. Jim also continues to point out that the lending standard data released this week point to a recession in the months ahead.
Jim brings out a chart of the Russell 2000 and talks about why this chart does matter.
Treasuries have been on the move this week and Jim feels that the upcoming CPI inflation data next week may continue to drive yields into next week and what that means for the broader market and economy. He shows the widening gap that may close between yields and the #SPX.
He also gives his technical view of the #DXY and #GOLD.
#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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