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

Page: https://stenobird.com/podcast/financial-survival-network-848654/is-the-summer-market-pullback-here-jim-welsh-6404
Text version: https://stenobird.com/podcast/financial-survival-network-848654/is-the-summer-market-pullback-here-jim-welsh-6404.md
Podcast: [Financial Survival Network](https://stenobird.com/podcast/financial-survival-network-848654)
Published: 2026-07-01T12:00:00+00:00
Episode link: https://www.spreaker.com/episode/is-the-summer-market-pullback-here-jim-welsh-6404--72770088
Audio file: https://dts.podtrac.com/redirect.mp3/api.spreaker.com/download/episode/72770088/jim_welsh_live_6_17.mp3
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JSON: https://stenobird.com/v1/public/podcasts/financial-survival-network-848654/episodes/is-the-summer-market-pullback-here-jim-welsh-6404
Duration seconds: 1635

## Resource

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" correction isn't over yet and could temporarily drag prices below $4,000 before its next explosive leg up. Tune in to get the macroeconomic reality check you need to insulate your portfolio. Want a deeper look at the charts? Find Jim here: https://www.macrotides.com Find Kerry here : https://khlfsn.substack.com and here: https://inflation.cafe Kerry's New Book "The Armstrong Economic Code: The 5 Truths Investors Must Never Forget" is out now on Amazon! Get your copy here: https://a.co/d/bvYbZOz "The World According to Martin Armstrong – Conversations with the Master Forecaster" is a #1 Best Selle…

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