Jim Welsh is a student of the financial markets and a seasoned veteran of investing with forty years of portfolio management experience, including: security research & analysis, model building, portfolio construction, asset allocation, and is a specialist in technical analysis and macro-economics. Did we mention he is also an all-around good guy? The markets were slammed on Monday but have totally rebounded. Rates have been crashing, however Jim believes that they’re going higher in the next 3-6 months. How much higher is the question. If the economy continues its growth track, the Fed will allow them to go higher. The 10 year would have to get close to 2.5% for the Fed to start buying up treasuries. Watch out for 3.5% inflation in the coming year. Markets will start doubting Powell’s transitory inflation meme. Wall Street will always toe the Fed’s line, this time is no exception. The next month is critical for gold and gold stocks.
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