There is a path for new 52 week lows in the S&P!

There is a path for new 52 week lows in the S&P!
Jim Welsh of Macro Tides talks with Blake Morrow to talk the markets and price action we have seen the last week.
One of the key points he makes this week is looking at unemployment in the US and where the FOMC stopped raising rates in each cycle. It’s an interesting point which does suggest the FOMC will keep their “foot on the gas” and continue to raise rates into 2022.
Jim also discusses inflation in each cycle. Jim looks at the S&P and maps out a few scenarios from here.
Also, he looks at TLT and the bond market, gold and the #EURUSD.
Jim will be on holidays the next couple weeks but will resume his weekly videos in September.
#markets #stocks #SPX #S&P #FOMC #CPI #PPI #rates #bonds #TLT #EURUSD #USD #USDollar #Forex #gold #preciousmetals
//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
20220823