Jim Welsh

#MacroMarket Macro and Technical Strategist
Was Forward Funds ($5.5 billion) Chief Tactical Strategist

[Jim Welsh @JimWelshMacro]

@Dcpcooks @ChiTown_A How many times did he hit the mascot?

[Jim Welsh @JimWelshMacro]

@rickyricksmusic 4 track recording system

Still have one from 50 years ago

[Jim Welsh @JimWelshMacro]

@gordonnr @dawnandgirls Proper incentive!

[Jim Welsh @JimWelshMacro]

@HedgieMarkets Labor market only needs 30,000 jobs a month to stay in balance

In that light the number was fine

[Jim Welsh @JimWelshMacro]

@Dcpcooks My Dad grew up 5 blocks from Commisky park but listened and watched the Cubs too

Have Ernie Banks picture and the 59 Sox team pic on the game wall

Great story for Sox
fans
Cubs ran into a really hot Padre team Last 32 home games they were 26-6

[Jim Welsh @JimWelshMacro]

@Dcpcooks Thank you Janet yellen and Mnuchin!!

[Jim Welsh @JimWelshMacro]

@Dcpcooks Time for comfortably numb - Pink Floyd

I can relate
Not enough bandwidth
You got the Sox and I have the Padres for at least 3 more games

[Jim Welsh @JimWelshMacro]

@otokyo__ Pickle juice and cramps will be gone in a few minutes

[Jim Welsh @JimWelshMacro]

@ChrisDMacro With ai mega cap you're in the stronget sector

FWIW Recommended Mag 7 ETF last week

[Jim Welsh @JimWelshMacro]

@ChrisDMacro I get that
The broad market is oversold so any relief from Treasury yields would spark a rally in the broad market

With strength in Mag 7 and SMH S&P can run to 8000
Below 7610 trouble possible

[Jim Welsh @JimWelshMacro]

@JimWelshMacro And despite all of that
I’m not bearish

[Jim Welsh @JimWelshMacro]

@ChrisDMacro Chris the average stock in the S&P is down more than -15%

Mag 7 is unchanged since mid August (when the broad market topped) as is SMH

The weighting of these few stocks is what ‘s holding the ‘market’ up

Message from the broad market dilutes the message drawn

[Jim Welsh @JimWelshMacro]

@SenMarkKelly And those billionaires became billionaires because they created products the average American has benefitted from

What have you created?

[Jim Welsh @JimWelshMacro]

@vig_says You obviously forget when Greenspan said the stock was irrational exhuberance

The S&P subsequently doubled

Dudley has an opinion just like the rest of us

[Jim Welsh @JimWelshMacro]

@SteveRattner Steve
Stock valuations are at or near the highest ever

Fed monetary policy helped

Will you, after stocks drop by 40% and they will, report that the Top 1% lost 5 times as much as the little guy?

Betting we’ll hear crickets from you

[Jim Welsh @JimWelshMacro]

@Scaramucci Hey smart guy Why has government been close to 23% versus the long term avg of 21%?

Tax cuts added to the debt but so has spending by dems

Bias helps no one

[Jim Welsh @JimWelshMacro]

@geripatrick @jimcramer Sounds like a Sox fan!

[Jim Welsh @JimWelshMacro]

@Dcpcooks Do a chapter in drinking kool aid

[Jim Welsh @JimWelshMacro]

@ttstrac Can you provide the sources for this data?

[Jim Welsh @JimWelshMacro]

@adamtaggart Adam the ‘stock market’ is not doing well with higher yields

The average stock in the S&P is down more than -15% from their high