(6/13/23) It's CPI Day, and important factors will be the lag effect of Fed rate hikes and Home Owners' Equivalent Rent figures. Markets are hoping for a weaker print because it will mean a further pause in rate hikes, and one step closer to rate cuts. Markets could pull back to the moving averages; investors' panic moves happen at the worst possible moment. Why market technicals are more bullish: We're wired to forget pain. Example: Meme Stocks are back (where investors were beat up last year). The heard is generally wrong at major turning points (market tops and bottoms). The Fed says rates will rise until inflation trends back towards 2%. Another Roberts Family Story; Markets have a clearly bullish bias, some sector rotations may not occur until 2024. Markets now trading above 200DMA, with the 50DMA crossing above, typical of a bull market. Buy the dips. A brief history of the SEC, the SEC Stabilization Act and the saga of Gary Gensler. 3:09 - CPI Day: Markets Hope for Weaker Print 14:30 - The Herd is Generally Wrong at Market Tops & Bottoms 30:23 - A Roberts Family Story: Birthdays, Boyfriends, & Guns 31:39 - Why We're Still Stinging from 2022 44:33 - A History of the SEC, Banks, & Wall St. Chumminess Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- The latest installment of our new feature, Before the Bell | "Markets Are More Than 10% Above the 200-DMA " is here: https://www.youtube.com/watch?v=_tK-7LH-TY0&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 -------- Our previous show is here: "Beware of Cryptocurrency Scams" &list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2672s -------- Article Mentioned in Today's Show: "Relative Rotation – Unlocking the Hidden Potential Part 1" https://realinvestmentadvice.com/relative-rotation-unlocking-the-hidden-potential-part-1 ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- 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 #BullMarket #HerdMentality #FOMC #Inflation #SEC #GaryGensler #Markets #Money #Investing |
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