S&P: Respect the Breakdown
Jim Welsh of Macro Tides talks with Blake Morrow to discuss the Fed’s rate hike path following the “Hot” CPI release. He believes rates will go higher, but stay higher until something in the economy breaks.
He is expecting employment to be the risk for the US economy, not inflation. Jim covers the S&P 500 and how he sees the market now after the breakdown. Also, he thinks the USD may be topping, but is still bullish near term. Jim admits being wrong on gold, but warns that sentiment and positioning are at extremes and could mean a bounce soon.
#tradersummit #trading_news #trading_analysis #trading_interview #forex #forex_trading #forex_trading_interview
//SPONSOR – EIGHTCAP ✅ https://www.eightcap.com/en/?cxd=3624…
Eightcap was founded in Melbourne, Australia, in 2009 with a simple, clear mission: to provide exceptional financial services to their clients. The broker is committed to building a home for MT4 and MT5 traders. This fundamental principle remains at the core of everything they do at Eightcap, and they believe staying true to it is pivotal to their success. Now with five offices across the globe and regulation in multiple locations, they provide clients worldwide with the ability to trade on a broad range of markets across FX, Indices, Cryptos, Commodities and Shares.
They are an award-winning broker who is focused on traders security and peace of mind. They deliver a personalized trading experience and create an ultra-efficient technology infrastructure for traders to trade on. That’s why they have been awarded the Best Global Forex MT4 Broker 2020 at the Global Forex Awards and, more recently, been named the Best Crypto Broker at the AtoZ Market Awards, 2021.