The FOMC will not raise rates the rest of 2023!
Jim Welsh of Macro Tides sits down with Blake Morrow and talks about the market following the CCPI and PPI inflation data released this week. He digs deep into the CPI data and says that CPI will plateau higher (living costs) even as CPI recedes which will weigh on consumers in the months ahead and may attribute to an eventual recession.
Jim also discusses the key reversals (negative) for Bonds and the S&P 500 this week and what it may tell us about the markets.
Jim also discusses forward earnings for the S&P as well.
Jim gives his technical view of the S&P500, the US Dollar and Gold. He still feels gold will eventually hit an all time high and discusses what may attribute to that as well.
#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
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