(8/30/21) Bulls are excited by Jackson Hole remarks about tapering later this year, but no rate hikes in sight. However--each sell off has been accompanied by drop in volume, indicating internal weaknesses in the market: Breadth is weak, volume is weak, volatility remains compressed. Major market capitalization stocks--Apple, Amazon, Facebook, Google--are the stocks into which investors are crowding. What happens when sentiment changes? The last time we saw similar market behavior was 2017...and don't forget what happened in 2018, with lots of volatility and a 20% sell off when the Fed dropped interest rates. The problem now is the Fed is backed into a box with an inability to expand QE or lower interest rates. But markets remain bullish. The 50-DMA will be the bellwether for the next big correction. - Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- 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/ #Fed #Bitcoin #Gold #Stocks #Trading #Rates #Money #Markets #Finance |
Tags: Featured,newsletter