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The Herd is Generally Wrong at Market Tops & Bottoms

(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
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Lance Roberts
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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