Is the Summer Market Pullback Here? - Jim Welsh #6404

Is the Summer Market Pullback Here? - Jim Welsh #6404

From Financial Survival Network by Kerry Lutz

July 1, 2026 · 27 min

About this episode

Kerry Lutz and Jim Welsh discuss the potential for a summer market pullback and the implications of global economic shifts on investors.

Are we on the verge of global peace, or is the market pricing in a reality that doesn't exist? Kerry Lutz sits down with macro analyst Jim Welsh of Macro Tides to dissect the massive shifts rocking the global economy. While the mid-month geopolitical headlines sent oil prices down and stocks into immediate fragmentation, Jim issues a stark warning that the market is celebrating too early. He details a looming oil supply shortfall over the next six months that could trigger a major "oh sh*t" moment for investors, potentially spiking crude back to $150–$200 a barrel. The duo also breaks down the reality of EV demand destruction, upcoming midterm election risks, and why current tech valuations—including the rumored Tesla/SpaceX merger—closely mirror historic market bubbles like RCA in the 1920s and Amazon in 2000. For investors trying to navigate late-summer volatility, Jim's technical breakdown on equities and precious metals reads like an active playbook. He predicts a looming 5% to 7% pullback for the S&P 500 by July and August, followed by a massive rally above 8,000. Meanwhile, gold and silver bulls might need to brace for impact; Jim explains why gold's current "Wave 4"…

People in this episode

Host: Kerry Lutz

Guest: Jim Welsh

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Mentioned in this episode

Organizations: Macro Tides, Tesla, SpaceX, RCA, Amazon

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