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Could “Revised” Economic Data Drive Rates Higher?

(6/27/23) The Quarter's end nears and markets face increased selling pressure as portfolio managers rebalance holdings. There is still room for a 5- to 10% correction this summer. MACD Sell signal is now in place, with $26-B worth of potential selling on the line. There is now a bigger risk from inflation data revisions; is there too much market exuberance? Whoa--Larry Fink has a change of heart about ESG? The scam that is ESG. For real change, boycott the companies (Blackrock) that invest in "woke" businesses; literally move your money away from Blackrock. Is this a Bull Market or a Bull Trap? A word about Fibonacci magic; the importance of staying focused on investment rules; markets are bullish now so act accordingly. YouTube Q&A segments on purchasing used vs new cars; how do you want to be taxed: Property taxes vs sales taxes in Texas; Preparing for the annual "adjustments" to economic data, which we suspect will have negative ramifications, and could alter Fed stance on raising rates sooner than later.

3:12 - Selling Pressure Increases on Markets at Quarter's End Nears
14:33 - Larry Fink's ESG Change of Heart
30:47 - Bull Market or Bull Trap, and Fibonacci Magic
44:25 - YouTube Q&A - Is now a good time to buy a car?
50:00 - Property Taxes vs Income Taxes: How do you want to be taxed?
52:17 - Preparing for Economic Revisions to Inflation

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 | "Revised Inflation Data: Not to Be Ignored " is here:
Our previous show is here: "Is FOMO Back as Markets Correct?"
Article Mentioned in Today's Show:
"Bull Trap Or A Bull Market?"
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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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