Bonds rallied, Stocks rallied, and Gold rallied all across the board, thanks to a weaker than expected CPI Print which suggested the Fed will cut rates at least two times this year. It was a risk-on day. Markets closed the day at their highs; they are extremely over bought at this point, and that would infer that some type of corrective action is in the offing. (Markets are also very deviated from normal ranges of their moving averages.) Remember, in order to have a moving average, you have to have trading above AND below that average over a period of time. Big deviations lead to a re-test of support. A re-test of the 50-DMA would create an opportunity to work off some of this over bought condition, and also to add some exposure. Bad news is good news for the markets because it means the Fed is more likely to cut rates. Overall, there is a bullish bias to the markets; we are going to have some corrective action, however, and that will provide oppoprtunity. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=kv5Lxty8B_k&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- REGISTER for our next Lunch & Learn: "Transitioning to Medicare" https://realinvestmentadvice.com/evrplus_registration/?action=evrplusegister&event_id=49 ------- Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- 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/ #MarketCorrection #CPI #PPI #MarketPullBack #Bullishness  #FederalReserve #InterestRates #20DMA #50DMA #100DMA #InvestingAdvice #Money #Investing