The Market Disconnect to Incoming Economic Data is Real!
The Market Disconnect to Incoming Economic Data is Real!
Jim Welsh of Macro Tides sits down with Blake Morrow to discuss the massive rally we have seen this week due to several factors. The Treasury Issuance Report, the FOMC, Non Farm Payrolls and PMI data all laid the groundwork for a much bigger stock market rally than anticipated. However, Jim feels the disconnect on the data and how the slowing economy will eventually reach investors.
Jim gives us his breakdown on spending verses savings, ISM historic breakdowns, the slowdown in the jobs market and more.
Jim also gives his S&P 500, 10yr Yield, TLT, Dollar and Gold forecasts through an Elliot Wave viewpoint.
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20231104
