Physical Shortage of Oil is COMING
Physical Shortage of Oil is COMING
Jim Welsh of Macro Tides and Blake Morrow discussed market conditions, focusing on the recent rally in U.S. equity markets to all-time highs despite ongoing tensions with Iran. Jim explained his perspective on the Iran situation, arguing that President Trump’s approach of economic pressure through a blockade rather than military action could be effective, though he expressed skepticism about a peaceful resolution. They examined various market indicators including crude oil prices, consumer sentiment, and Treasury yields, with Jim noting that physical market shortages were already intensifying in Asia despite the ceasefire. The conversation covered technical analysis of the S&P 500, dollar index, and gold markets, with Jim predicting potential further gains in the dollar and yields while warning that gold could decline to around $4,100-$4,200.
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JWelsh@SmartPortfolios.com
20260417
