The Secular Bear Market is Bonds in (and has been) Here!
Jim Welsh of Macro Tides sits down with Blake Morrow and talks about the price action this week as participants have been trying to wrap their heads around the events in the Middle East, and the discussion from the FOMC Chair, Jerome Powell. Jim gives us his thoughts on Powell’s comments from the Economic Club of New York this week and how it may play into the markets.
Jim also shows his charts of the S&P Equal Weighted Index and the Value Line index which suggests the S&P500 will eventually break the 4200 level.
Jim also shows in pictures how massive the breakdown in the bond market has been.
Jim also gives his TLT, Dollar and Gold forecasts through an Elliot Wave viewpoint.
#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
//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.