by Lance Roberts
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| (10/31/22) Despite the Big Tech Sell-off, the Dow is on track for its best performance since the 1930's, up over 14% heading into today's Halloween session. Markets continue to do technically very well from a bullish perspective. Markets soared above the critical 3,800 level last week, the initial resistance level that would set markets up for a rally. Indeed, the S&P is now positioned to rally up to somewhere between 3,900 and 4,100. Indicators would show there's more room to run for the markets. Any good news from the Fed this week could also get the markets really revving upward. The Fed must reassess its pace of rate hikes, after seeing what they've done to the economy thus far. And if mid-term elections result in congressional grid lock for the next two years, that's yet another catalyst to allow markets to rally up to its next level of resistance at about 4,100. That's also a level at which you're going to want to take profits and trim losers, reduce risk, and raise cash going into 2023 when the recessionary impact of higher rates most certainly will be felt. 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 #EarningsSeason #BigTech #DowIndustrials #FederalReserve #InterestRates #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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