US Excess Savings Gone when Americans May Need it the Most!
Jim Welsh of Macro Tides sits down with Blake Morrow and talks about the market following a very volatile week in the markets, especially for summer trading. And he brings some key topics to today’s conversation which may be moving the markets!
Jim shows that excess savings have been depleted and this could be what puts the US in a recession just as the “market” thinks we will avoid one. Jim also shows how the 10 yield gap is trying to close with the S&P500 as he showed a couple weeks back.
Jim also makes a case why the market could see a bounce as it has become oversold, and the semiconductor index ETF SMH may be eluding to this.
He also gives his technical view of the #DXY and #GOLD.
#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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