BONDS, PRECIOUS METALS, STOCKS, TECHNICAL
Macro and Technical Strategist,
As a 40-year veteran, Jim Welsh provides expert monetary analysis and is one of the few strategists that have the experience, knowledge, and combination of skills to help you navigate the coming secular bear market in equities. The cornerstone of his tactical strategy is the intersection of economic fundamentals, monetary, and technical analysis. Mr. Welsh covers stocks, treasury bonds, dollar, and precious metals.
As I discussed weeks ago, the rally since bond prices reached a bottom in October is likely Wave Four (red) from the high in March 2020, states Jim Welsh of MacroTides.com.
Two weeks ago the Consumer Price Index (CPI) and Producer Price Index (PPI) indicated that inflation picked up in January, after the CPI rose 0.5% and the PPI increased 0.7%, states Jim Welsh of MacroTides.com.
Investors have been trained to expect the FOMC to ease monetary policy at the first sign of economic weakness. In 2023, the FOMC won't pivot immediately as the economy slips towards recession. This will create a window of vulnerability for stocks and create a buying opportunity.