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Market Breadth is Oversold and a Risk of a BOUNCE in Stocks is High!

Summary:
Jim Welsh of Macro Tides talks with Blake Morrow to talk about how the market reacted to the FOMC this week and how should be looking at the markets in the week ahead. Jim spends his time today discussing the FOMC forecasts and their accuracy this year and how he does think inflation will come down as a recession ensues. He gives us his most recent count on the SPX and thinks any rally above the 4000 level in the SPX should be sold into. Market breadth is very oversold which should be watched now. He feels that the USD is getting to a point where it is at a “breaking point.” 👍👍 Make sure to like, share, and subscribe to our channel to ensure we continue to deliver these high quality interviews and content.🙌🙌

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Jim Welsh of Macro Tides talks with Blake Morrow to talk about how the market reacted to the FOMC this week and how should be looking at the markets in the week ahead.



Jim spends his time today discussing the FOMC forecasts and their accuracy this year and how he does think inflation will come down as a recession ensues.



He gives us his most recent count on the SPX and thinks any rally above the 4000 level in the SPX should be sold into. Market breadth is very oversold which should be watched now.



He feels that the USD is getting to a point where it is at a “breaking point.”





👍👍 Make sure to like, share, and subscribe to our channel to ensure we continue to deliver these high quality interviews and content.🙌🙌

https://www.youtube.com/channel/UCBgj870Nuvh4k6pXXvymgmA?sub_confirmation=1



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Marc Chandler
He has been covering the global capital markets in one fashion or another for more than 30 years, working at economic consulting firms and global investment banks. After 14 years as the global head of currency strategy for Brown Brothers Harriman, Chandler joined Bannockburn Global Forex, as a managing partner and chief markets strategist as of October 1, 2018.

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