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 on the Dollar, 10yr Yields, Gold, QQQ and S&P 500. He does believe we are close to a high in the US Dollar, and US Treasury Yields, and Gold may try to form a tradable low. He also feels stocks are getting very close to technical support.