Jim Welsh of Macro Tides sits down with Blake Morrow and talks the very wild central bank meeting week the markets had, but most importantly how the market may finally be starting to understand the messaging that they have been trying to get across for months. Jim illustrates that between the “Dot Plots” and SEP Summary of Economic Projections the market may be finally getting the message.
Jim also gives his technical view of the S&P 500 and thinks that after the next move lower towards the 4200 level we could see a bounce. And maybe even a bounce to 4800!
Jim looks at yields as the bond market continues to break down and gives you his thoughts on where yields are moving to.