Bonds “could” rally, but you should be a Vigilante!
Bonds “could” rally, but you should be a Vigilante!
Jim Welsh of Macro Tides sits down with Blake Morrow and talks about the price action this week following the CPI and PPI inflation data, and the war that is brewing in Israel and Gaza. He discusses the long-term implication of the secular bear market is unfolding and how his counts suggest a rally should be met with selling in the long term.
Jim also discusses his technical wave counts on the S&P500 and how that could develop into fresh lows below the 4000 level in the SPX.
His technical views on gold have been on point in recent weeks, and because of recent events in the Middle East, the risks are now tilting towards a move to all-time highs possibly.
He also gives his technical views on the US Dollar and what he believes will unfold from a technical point of view.
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JWelsh@SmartPortfolios.com
20231014
