by Lance Roberts
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| (7/20/22) We haven't seen investors THIS negative since 2008--does this suggest we're nearing a market bottom? This is not then: We're running the highest inflation rate in 40-years, the Fed is tightening its balance sheet AND hiking interest rates. What do the technical charts tell us? Markets are oversold by two standard deviations from the 50-WMA--but not as bad as in May, or March 2020, or in early 2016, pre-Brexit. The MACD indicator is very low and starting to turn positive. Other oversold indicators are behaving similarly and starting to turn up as well. This COULD set up for a decent, tradable rally. A longer perspective, back to 1994, illustrates market behavior following the Dot-com crash of 2000, the financial crisis of 2008, Brexit in 2015-16, the March 2020 pandemic sell-off, and the Fed taper tantrum of 2018--all compared to the bear market sell-off we're experiencing now. It is key to note the declines are smaller in magnitude going forward--but over-sold indicators did not register extremes like we're seeing now. So, yes, we could be seeing the starts of an intermediate term bottom in the market--but it's still too early to jump into the market with both feet. Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestorSentiment #ExtremeNegativity #MarketBottom #InvestingOpportunity #Markets #Money #Investing |
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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