“Market Breadth is Oversold and a Risk of a BOUNCE in Stocks is High!”
Market Breadth is Oversold and a Risk of a BOUNCE in Stocks is High!
Jim Welsh of Macro Tides talks with Blake Morrow to talk about how the market reacted to the FOMC this week and how should be looking at the markets in the week ahead.
Jim spends his time today discussing the FOMC forecasts and their accuracy this year and how he does think inflation will come down as a recession ensues. He gives us his most recent count on the SPX and thinks any rally above the 4000 level in the SPX should be sold into. Market breadth is very oversold which should be watched now.
He feels that the USD is getting to a point where it is at a “breaking point.”
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JWelsh@SmartPortfolios.com
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