Major Trend Indicator

Technical Review

Impact on Global GDP from High Oil and Gas Prices

March 9, 2026

Technical Review

Big Week: FOMC, Economic Data, Earnings

July 28, 2025

The FOMC will announce its decision on the Funds rate on Wednesday and Chair Powell will host another press conference. This meeting holds the promise of drama given President Trump’s non-stop criticism of Chair Powell. Wall Street will parse every word and intonation that Chair Powell says....

Global Economic Report

Peak Uncertainty

May 1, 2025

After the end of World War II there was great uncertainty about how the US economy would handle the return of 12 million soldiers, the transition from manufacturing war ships, tanks, bombers, and military weapons to consumer goods, and whether inflation would soar...

A Recession is Coming. Aggressive FOMC and Lending Tells the Story.

October 6, 2023

Jim Welsh of Macro Tides sits down with Blake Morrow and talks about the markets ahead of the key NFP non-farm payroll jobs report tomorrow. He discusses the recession risks and how they are growing with tight lending standards and an aggressive Fed hike campaign.

Jim also covers the...

Technical Review, Global Economic Report

Macro Factors and their impact on Monetary Policy, the Economy, and Financial Markets

Thank you for your interest in my analysis.

The cornerstone of my Tactical Strategy is the intersection of Economic Fundamentals, Monetary Policy, and Technical Analysis. The combination of these has helped me implement an effective Tactical Strategy that seeks to identify...

Technical Review

Markets Fail to Discount Forks in the Road

One of the most widely accepted axioms on Wall Street is that markets are a discounting mechanism. It implies that markets possess a form of collective wisdom and those who listen to the “ message of the market ” are “ smart ” investors.

Copper is reputed to have a Ph.D. in economics...

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