We have a K-Shaped Stock Market!
We have a K-Shaped Stock Market!
Jim Welsh of Macro Tides and Blake Morrow discussed market conditions and technical analysis. They examined current market trends, including the correlation between semiconductor stocks and overall market performance, with Jim emphasizing that semiconductor stocks would be key indicators for market direction. They discussed inflation data, yield trends, and the potential for a market top, with Jim noting that while the S&P 500 was hitting new highs, there were underlying weaknesses showing in the market structure.
Jim covered the technical views of the SPX, Gold, 10yr yields and the dollar.
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JWelsh@SmartPortfolios.com
20260516
