Rally Ends When Semi’s Peak!
Rally Ends When Semi’s Peak!
Jim Welsh of Macro Tides and Blake Morrow discussed recent central bank actions, including the Bank of Japan’s intervention and the Federal Reserve’s decisions. They examined Kevin Warsh’s potential appointment as Fed chairman and discussed changes to forward guidance policies. Jim presented technical market analysis, including charts on Iranian GDP, semiconductor performance (SMH), S&P 500 levels, oil prices, and currency markets. Key points covered included the semiconductor index’s unprecedented 18-day rally, potential corrections in tech stocks, rising oil prices due to the Iran situation, and projections for yield movements. They also discussed gold’s price trajectory and the US dollar’s potential rally above $100, with Jim noting that market breadth has been weakening in recent weeks, suggesting potential market corrections ahead.
#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
JWelsh@SmartPortfolios.com
20260501
