Jim Welsh

Jim Welsh, founder of MacroTides Research and 40+ year market veteran, joins to discuss Nvidia earnings and AI spending dynamics. He breaks down valuation risks, buybacks versus cash flow, dollar and gold technical ranges, and where Treasuries could head. Short, chart-focused takes on market positioning and potential macro triggers.

Jim Welsh, founder of Macro Tides and seasoned macroeconomic analyst, discusses his predictions for a secular bear market fueled by extreme valuations and weakening consumer sentiment. He reflects on his early warnings from 2007 and critiques the inflation narrative. Welsh emphasizes the difference between market declines and economic recessions, while spotlighting the risks of the yen carry trade unwinding, which could trigger significant selling pressure. He also shares insights on gold's potential pullback and the dollar's surprising resilience.

Jim Welsh, market strategist and MacroTides founder, gives a technical deep-dive on market internals. He contrasts breadth strength with choppy headline indices. He highlights key S&P levels and rotation into cyclicals and midcaps. He flags Iran-driven oil risk and dollar and Treasury moves as major wild cards.