The Stock Market is Ready For a 5-7% Drop from Here!

Jim Welsh of Macro Tides sits down with Blake Morrow to discuss the markets following the PCE data this week and points out the big drop in consumer spending in the GDP numbers.
Jim Believes that the stock market is showing negative divergences in the market and the “fear of missing out” may be signaling a near term top in the market.
Jim gives his technical views and Elliot Wave counts for the US Dollar, Gold, TLT and the S&P 500.
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[@avvocatoantoninovenuto4523]

Super analysis thank you

[@robertsimpson8752]

thanks guys & happy holidays

[@JimWelshMacro-Market-Trends]

You're welcome. Happy 4th

[@andrewtay2001]

Thank you sir and happy holiday

[@JimWelshMacro-Market-Trends]

You're welcome. Happy 4th

[@alanlevy9059]

saw the Russell rallied on the close while the Q's sold off, window dressing? But why?

[@coryandersen3365]

One bad debate (Reagan had one, Obama had one, etc.) does not count the candidate out. Everyone talks about Biden's age like Dementia Donald isn't only 3 years younger. Biden has normal aging but he's 1000 times more capable than DD. Also I want to live in a democracy not a dictatorship with a guy who thinks you get electrocuted when your boat sinks.

[@TheTangofrog]

You’re joking, right?

[@coryandersen3365]

@@TheTangofrog Biden's running. You pick. Democracy or Dictatorship