Is this the TOP in now on the S&P500?
Is this the TOP in now on the S&P500?
Jim Welsh of Macro Tides sits down with Blake Morrow and talks about key macro themes in the markets and gives his technical picture now that the #SPX has reached his upside targets.
Jim believes that inflation will start to rise, prohibiting the Federal Reserve from lowering rates in the near term and the market may have to shift future expectations. This could weigh on markets and sentiment as we continue the second half of the year.
He discusses #CPI perspectives and how #energy has fed this disinflationary cycle. He gives his long term and short term technical views of the S&P500 and how we could break the 2022 lows.
He also gives his technical view of the #DXY #GOLD and #TLT as well.
#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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JWelsh@SmartPortfolios.com
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