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What Does Macro Tides Have To Offer You?

And how can you determine if Macro Tides will fit for your needs? It's easy, read my overview summary.

You'll be able to judge my analysis on monetary policy, inflation outlook as inflation began to soar, and how the Dollar, Stock Market, Treasury yields, and Gold were expected to trade.

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Jim Knows How to Read The Markets

Jim Welsh has accumulated many accolades during his career, including for his prescient analysis of both the 2007-2008 market crash and the 2009 bullish reversal. Very few were able to accomplish this. Read Jim's free report covering his thoughts from those years to get a better sense of his process:

Read Jim's Free Fundamental Recap Report

After the 2008 and 2009 crash I looked for sources who had recommended getting out of the market in 2007 and 2008 but who had then turned bullish in February or March of 2009. While there were lots of people warning of impending doom in 2007 and 2008, they were still warning of impending doom in 2009 and 2010. And while many were bullish in the Spring of 2009, they were bullish all through the crash as well. After my extensive research (I spent well over 150 hours retrieving and reading available publications) I found only three who met my criteria for roughly “getting it right”: Jeffrey Gundlach, Ned Davis, and Jim Welsh. Jim does a great job of blending fundamental and technical analysis and communicating in a way I can understand. He is able to read the Fed minutes and identify gaps between what the Fed is saying and how it is being interpreted by the market.

- Dave B., Independent advisor Large National Wealth Management Firm

Jim Welsh has published a monthly investment letter since 1985 that focuses on Federal Reserve monetary policy, the economy, and the financial markets. He has managed a mutual fund, worked for major wire-houses, and has been widely published in financial media. Jim was Forward Funds' ($5.5 billion) Macro Tactical strategist for a number of years, and provides high quality economic and technical market analysis for advisors and investors as a guide to portfolio allocation and tactical portfolio changes.

Welsh's Macro Tides models identify trend changes in the domestic & international equity markets, fixed income, currency (USD & Euro) and Gold markets. The Macro Tides models place a heavy focus on Monetary Policy, traditional Economic Indicators, including Welsh's proprietary Major Trend Indicator, and selected Sentiment Indicators to create trade recommendations.

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Inflection Points

By the end of July a number of markets were at inflection points. The Dollar was on the cusp of a big rally. Treasury yields were trending higher. The S&P 500 peaked on July 27 and then declined by more than 7%. Gold was in a down trend.

In the July 24 Weekly Technical Review I told subscribers to expect:

  1. A -5% to -7% decline in the S&P 500
  2. A rally of at least 4% in the Dollar
  3. The trend in Treasury yields was up
  4. Gold was expected to drop to $1822

Read the July 24, 2023
Weekly Technical Review

Jim Welsh in the Media

Listen to Jim share his thoughts with podcasts, publications, and media outlets. Gain a better understanding of how he integrates his fundamental and technical analysis, broad experience, and knowledge of the markets into developing valuable Macro Tides newsletters that can provide insight to your decision making.

Watch Jim's Interviews

Technical Review

FOMC – Watch the Dots

December 8, 2025

Global Economic Report

A Major Reset Is Coming

December 3, 2025

Bifurcation is inherently unstable since it creates a tension between sections of a whole and by definition shows that everyone isn’t pulling in the same direction. It’s difficult to solve challenging and complex problems even when everyone is seeking a common solution,...

Technical Review

Bank of Japan Ripples

December 2, 2025

On December 1 a Governor for the Bank of Japan indicated that the BOJ would likely increase their policy rate at the next meeting on December 19. Inflation has been consistently above the BOJ’s 2% target, with the Headline CPI at 3.0% in November and the Core CPI at 3.1%. On November 20 Japan’s...

Technical Review

Rate Cut Hopes Rebound

November 24, 2025

The S&P 500 topped on October 29 and then pulled back as expectations for another rate cut at the December 10 FOMC meeting dimmed. In his statement before the press conference after the October 29 FOMC meeting, Chair Powell threw cold water on the prospects of a rate cut at the December...

Technical Review

Pyramids and Stock Market Concentration

November 18, 2025

The Great Pyramid of Giza took about 26 years to build and was completed in 2560 BC, give or take a few years. It was 481 feet tall, the base was 756 feet, and was constructed with 2.3 million blocks of limestone with some of them weighing 70 tons. The Great Pyramid of Giza is the oldest of the...

Technical Review

Government Shutdown Ending

November 11, 2025

On Sunday 8 Democrats voted with 52 Republicans to move forward and presumably end the longest government shutdown in history. The vote on November 9 came after 14 previous attempts failed. Five additional Democrats agreed to join the three Dems who had voted yes in the prior 14 votes. The...

Technical Review

Doubt About December Rate Cut

November 4, 2025

As expected, the FOMC voted to end its Quantitative Tightening program on December 1, so it will no longer allow $5 billion of Treasury debt a month roll off. The FOMC did vote to continue allowing $35 billion a month of Mortgage-Backed-Securities (MBS) to roll off. The $35 billion will be...

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