About this episode
(6/29/22) Poorer than expected economic data triggered a market sell-off on Tuesday: The Richmond Fed Survey reported a big drop in all components, suggesting a recession is becoming a much higher probability. Similarly, the Philly Fed Manufacturing Index, the Dallas Fed indicators show pervasive economic slowing, thanks to tighter monetary policy, higher inflation, and higher interest rates. The Census Board's Consumer Confidence survey revealed big declines in street-level sentiment. Markets didn't like that, and fell to retest support at the previous lows of May. The hope now is that as June comes to an end, portfolio rebalancing and shuffling will provide a bit of a lift to markets. 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 YouTube channel: https://www.youtube.com/watch?v=AaPk8S3MP0A&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 ------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #Recession #Inflation #WindowDressing #PortfolioRebalancing #InterestRates #MonetaryPolicy #Markets #Money #Investing