by Lance Roberts
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| (11/10/22) [NOTE: This segment recorded before CPI for October was reported at 7.7% YOY, and down from September's 8.2%] Markets sold off more than 2% following a"meh" midterm outcome, breaking through the 50- and 20-DMA, holding on somewhat tenuously. It's important that markets rally above those levels today, otherwise there'll be a retest of lows seen back in June of this year. The MACD sell-signal is close to flipping, suggesting markets will try to move lower, short-term. If today's CPI comes out better (lower)-than-expected (it did), stocks could rally higher, staving off that sell signal. Where we close this week will dictate the markets' next move. The implosion of the FTX-Binance deal roiled markets yesterday, with many high-dollar and high-profile investors sucked into the vortex. Part of yesterday's activity was due to margin calls and selling assets to cover those calls. Also on Wednesday, a terrible 10-year Treasury auction: No one wants 'em. All of today's action will be focused on this morning's CPI Report. 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/ #InvestingAdvice #FTXBinance #CPI #Inflation #20DMA #50DMA #100DMA #MidTermElections #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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