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S&P: Respect the Breakdown | Tradersummit.net

Summary:
Jim Welsh of Macro Tides talks with Blake Morrow to discuss the Fed’s rate hike path following the “Hot” CPI release. He believes rates will go higher, but stay higher until something in the economy breaks. He is expecting employment to be the risk for the US economy, not inflation. Jim covers the S&P 500 and how he sees the market now after the breakdown. Also, he thinks the USD may be topping, but is still bullish near term. Jim admits being wrong on gold, but warns that sentiment and positioning are at extremes and could mean a bounce soon. 👍👍 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 #trading_news #Jim_Welsh

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Jim Welsh of Macro Tides talks with Blake Morrow to discuss the Fed’s rate hike path following the “Hot” CPI release. He believes rates will go higher, but stay higher until something in the economy breaks. He is expecting employment to be the risk for the US economy, not inflation.

Jim covers the S&P 500 and how he sees the market now after the breakdown. Also, he thinks the USD may be topping, but is still bullish near term.



Jim admits being wrong on gold, but warns that sentiment and positioning are at extremes and could mean a bounce soon.





👍👍 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



#trading_news #Jim_Welsh #trading_analysis #trading_interview #tradersummit #markets #market_analysis #CPI_release #cpi #S&P500 #USD #gold #US_Dollar #FED #employment US_Economy #forex #forex_trading #forex_trading_interview #stocks #spx #fomc #FedFunds #rates #bonds #TLT #EURUSD #gold #preciousmetals



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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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