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Waiting on the Inflation Print | 3:00 on Markets & Money

(8/10/22) Markets have rallied up into resistance over the past few days, consolidating at previous resistance levels, waiting on today's inflation print. [NOTE: At 7:30a CDT, CPI reported "cooler" than expected, at 8.5% year over year.] Weaker inflation will be interpreted as being good for stocks, because the Fed may be compelled to slow their aggressive rate hike campaign. Regardless, markets are very overbought on a short-term basis. The longer-term MACD indicator, however, is starting to weaken, suggesting price momentum is slowing. The question now is how stocks might transition over the next few days. There is more risk to the downside than there is upside potential. A correction back to the 50-DMA will provide a better opportunity to put capital to work.

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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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