8 min listen
5-22-24 Will markets Correct back to the 20-DMA?
5-22-24 Will markets Correct back to the 20-DMA?
ratings:
Length:
4 minutes
Released:
May 22, 2024
Format:
Podcast episode
Description
The market is sitting at all-time highs, but trading over the last five days has been in a very tight range. Price gains at this point are going to be hard to come by when markets are as overbought as they are now. Today's market movement will be triggered by either the FOMC Meeting minutes release or NVDIA's quarterly report...or both. There's a reasonable risk for a short-term correction back to the 20-DMA, worth about 2%. Remember, we have not had a 2% down day in over 315-days. Any kind of disappointment from the aforementioned news events could spark a sell-off. But any good news is going to have a hard time lifting market beyond their already elevated, all-time high levels. 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=Qz34OdB55LI&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- 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/ #NVDIA #FOMCMeetingMinutes #MarketCorrection #MarketRally #Bullishness #20DMA #50DMA #100DMA #Geopolitics #InvestingAdvice #Money #Investing
Released:
May 22, 2024
Format:
Podcast episode
Titles in the series (100)
Lance W Mike Knox Mike Knox Pension Bond Breakdown 7a 11 - 9-17 Seg - 1a (SHORT): Lance reviews the weeks "off season" election res… by The Real Investment Show Podcast