The Secular Bear Market in Bonds is (and has been) Here!
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
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JWelsh@SmartPortfolios.com
20231021
