The S&P path is lower from here in the coming weeks!
The S&P path is lower from here in the coming weeks!
Jim Welsh of Macro Tides talks with Blake Morrow to talk about the strong Non-Farm Payroll numbers today and why they were so strong, and how the market reacted to it. Also, Jim breaks out a chart of job growth since 1947 to show where we are at today.
Jim also discusses what the market is looking at regarding hikes/cuts moving forward by the market and cites how wrong they were earlier this year. Jim discusses the TLT and how we may have seen a recent high.
Also, gold is headed to a very pivotal level.
And the #SPX how we could trade lower from here in the coming weeks and what that path may look like.
//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.
JWelsh@SmartPortfolios.com
20220808