(6/6/23) Recent market buying has pushed prices into the stratosphere, which, history suggests, will result in a market pullback, at least in the short term. At three standard-deviations above the 50-DMA, it may not seem dramatic, the law of averages will begin to pull prices back downward. A 5- to 10-percent correction from these levels would not be surprising at some point this summer. Meanwhile, the Volatility Index (VIX) has completely collapsed, trading at three standard-deviations BELOW the moving average,  which also suggests we'll see a reversal, a pickup, in volatility sooner or later.  The catalyst for that volatility reversal will be some unexpected piece of news, and will coincide with a market correction. What does this suggest? Now is the time to take profits from outsized gains so far this year; rebalance portfolios, collect some cash, and be ready for when the correction occurs. 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=VW29t5XPtRA&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Visit our Site: https://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 #OverboughtMarkets #VolatilityIndex #VIX #Money #Investing