The “Market” is Not Prepared for the FOMC Next Week!

Jim Welsh of Macro Tides sits down with Blake Morrow to discuss the markets reaction to the CPI and PPI this week. He breaks down the data and gives us his thoughts on the shifting DOT PLOTS next week and what that may mean for the markets. Jim does not think the market is prepared for another change in rate cut expectations and explains why!
Jim gives his technical views of the S&P500, an update to the Semiconductor index from last week, the US Dollar, gold and 30yr yields.
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[@fxmomotrader3606]

Jim - Many thanks for your macros insights. Always very helpful.

[@JimWelshMacro-Market-Trends]

You're welcome and thanks for tuning in

[@andrewtay2001]

Thank you sir

[@JimWelshMacro-Market-Trends]

You're Welcome!

[@user-bq2xu3zm1f]

Thanks Jim and Blake! Great content as always

[@JimWelshMacro-Market-Trends]

Thanks for tuning in

[@alphabravo786]

Hi Blake and Jim, Many thanks for your weekly analysis. i have learned a lot watching it. Do draw a TL on DXY on weekly chart, the last 2 lows and clone it to the top. ...this would lead us to 122. most importantly we respected the bottom of the TL last week. can you show in your weekahead analysis. Thanks

[@JimWelshMacro-Market-Trends]

If the economy slows as I expect it's hard to see the Dollar rallying when the FOMC cuts rates. The Dollar rallied since 2022 when currency markets perceived the FOMC would be hiking, and in January when it became obvious the FOMC wouldn't be cutting 6 times because inflation coming down. If the Dollar rallies above the October high I would change the outlook.

[@user-sm6te1gl4f]

Thank you Jim for your analysis. Blake, you cut off Jim’s talk because of lack of time, and then you go on and on telling about your tales of Las Vegas. Please let Jim talk.

[@JimWelshMacro-Market-Trends]

User, can you come over to my house and tell my wife what you told Blake? 😃

[@JimWelshMacro-Market-Trends]

I didn't think Blake cut me off just for the record. He always let's me ramble on.

[@alanlevy9059]

funny@@JimWelshMacro-Market-Trends