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5-22-24 Will markets Correct back to the 20-DMA?

5-22-24 Will markets Correct back to the 20-DMA?

FromThe Real Investment Show Podcast


5-22-24 Will markets Correct back to the 20-DMA?

FromThe Real Investment Show Podcast

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

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