Key Reversal Days on ‘Good News’ is not ‘Good News’

Key Reversal Days on ‘Good News’ is not ‘Good News’
Jim Welsh of Macro Tides sits down with Blake Morrow and talks about the market following the August jobs report (NFP) today and the price action following the market. But today, Jim’s focus is really on the PCE and how the Fed is seeing inflationary pressures in the economy. He believes there is an inflation illusion with consumers and this could affect spending in the months ahead.
Jim also gives us his top takeaways from Jackson Hole Symposium.
Jim gives his technical view of the US Dollar, Gold, Treasury Yields and the S&P. In short, he does expect the US dollar to continue to gain ground, and gold will continue to correct. And the S&P could be in for a correction. Next week will be crucial (technically) for the markets.
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