11 min listen
Markets Trading at February's Highs (5/2/23)
Markets Trading at February's Highs (5/2/23)
ratings:
Length:
3 minutes
Released:
May 2, 2023
Format:
Podcast episode
Description
(5/2/23) Markets ended Monday where they started in anticipation of this week's Fed Meeting outcome. Fed Fund Futures are predicting a 25-bp rate hike, but the real issue will be what the Fed says in its post-meeting presser. Economic indicators suggest the Fd cannot cut rates at this point, and there is some evidence of a resurgence in inflation in some areas, something for which markets are not prepared. Markets are trading at February's highs, despite bank failures, higher interest rates, and economic weakness. The 20-DMA continues to provide rising support for markets. Some corrective action in the next month or so will provide an opportunity to put more capital to work. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel: https://www.youtube.com/watch?v=U0uLfsVOUnc&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #FederalReserve #StickyInflation #FedPivot #interestRates #Money #Investing
Released:
May 2, 2023
Format:
Podcast episode
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