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Weekly Market Recap: Rally Likely Overbought, Expect A Key Retest Of S&P 4,000

Weekly Market Recap: Rally Likely Overbought, Expect A Key Retest Of S&P 4,000

FromWealthion - Be Financially Resilient


Weekly Market Recap: Rally Likely Overbought, Expect A Key Retest Of S&P 4,000

FromWealthion - Be Financially Resilient

ratings:
Length:
81 minutes
Released:
Feb 11, 2023
Format:
Podcast episode

Description

The rally that started 2023 is now appearing overbought.

It is over?

Or this simply a pause, before it resumes higher?

Portfolio manager Lance Roberts explains why we are at a key moment for the market and why he expects the S&P to conduct a key test of the 4,000 level.

If it rebounds from there, odds are it will then rocket up to 4,300-4,400.

But if it breaks below, the rally will be invalidated and MUCH lower prices would likely ensue.

So how is Lance positioning his portfolio right now?

For his answers, as well as everything that mattered to markets this week, watch this week's Market Recap with Lance Roberts.
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#fed #recession #jobs
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.
Released:
Feb 11, 2023
Format:
Podcast episode

Titles in the series (100)

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