(12/8/21)Is the "short-term" rally actually here to stay? Markets have broken out of the short-term downtrend of the past two weeks WITH Conviction! As markets open higher, sustainability becomes the big question. Money Flow indicators and MACD's are turning positive, coinciding with the traditional Santa Claus rally in late December. However, next week's Fed meeting could reveal more market weakness. The VIX is collapsing back towards support, and Bonds have also fallen back towards the 50-DMA--suggesting this rally has some legs in the near-term. That does not necessarily mean markets are going to take off to all-new highs, but with over-bought conditions, it is likely that price action sloppiness and the finishing touches on mutual fund portfolios could combine with positive influences to lift the markets through the end of the year. Heading into 2022, however, it will be time to look at reducing exposure as the Fed becomes a bit more hawkish in tightening monetary policy at a faster pace. - Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts -------- Get more info & commentary: https://realinvestmentadvice.com/news... -------- Register for our next Lunch & Learn: https://us06web.zoom.us/webinar/register/9616369301708/WN_X_zZBPQCQX2VnVXJlvUE5g -------- 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/RealInvestme... https://www.linkedin.com/in/realinves... #MarketRally #SantaClausRally #VIX #50_DMA #Bonds #Markets #Money #Investing |
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