The ‘Failed’ 30yr Bond Market Auction Implications
Jim Welsh of Macro Tides sits down with Blake Morrow to discuss the markets this week as it had to navigate around Fed Chairman Powell’s comments at the Financial Times panel discussion and a failed 30yr bond auction. He talks about the price action following these events.
Jim also discusses tighter lending standards and how this will eventually affect the S&P500, the yield curve unwind, and how the rise in bankruptcies is foreshadowing a recession.
Jim also gives his S&P 500, TLT, Dollar and Gold forecasts through an Elliot Wave viewpoint.
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