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What Markets Must Achieve This Week (11/2/23)

What Markets Must Achieve This Week (11/2/23)

FromThe Real Investment Show Podcast


What Markets Must Achieve This Week (11/2/23)

FromThe Real Investment Show Podcast

ratings:
Length:
5 minutes
Released:
Nov 2, 2023
Format:
Podcast episode

Description

(11/2/23) Markets have enjoyed three days' rally, and nare now faced with the challenge of overtaking and maintaining above the 200-DMA. Markets are not yet overbought, and futures are positive following Wednesday's (11/1) Fed announcment to not hike rates (for now). This will be critical for stopping short term downward pressure on the markets. Holding at that level will also trigger a MACD Buy-signal. Tomorrow's Jobs Report could pose a threat, if the number shows high levels of employment, stokign fears of higher inflation, and a responsive interest rate hike by the Fed next month. Gold has had a big run because of what's happening in the Middle East. Look for Gold to flip back to a sell signal soon. Bond yields fell sharply yesterday following Jerome Powell's presser, at which he pretty much said, 'The Fed is done.' BitCoin has also had a nice run in conjuntion with the Israeli conflict; it's extremely over bought in a very short term, which is not sustainable. MIght be wise to reduce exposure and take profits. 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=kpEZTBQs9p4&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Register for our next Candid Coffee here: https://us06web.zoom.us/webinar/register/8216958366572/WN_jCrzdX9uSJSrg5MBN5Oy8g ------- 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 #MarketRally #200DMA #Gold #Bitcoin #BondYields #Markets #Money #Investing 
Released:
Nov 2, 2023
Format:
Podcast episode

Titles in the series (100)

It's a show about life, markets, sweat-equity, and the pursuit of wealth in a capitalist market.