About this episode
The markets sold off last week in a much-needed correction. Market support coalesced around the 100- and 200-DMA at 5,790. Markets will bounce off that level today. A MACD sell signal is being triggered at a very high level, and we're not over sold quite yet, so markets are not finished with the relaxation/consolidation phase. There is still risk for markets, temporarily; there could be a pullback to the 50-DMA. The 6,000 level on the S&P will be a challenge at this point. Remember, June tends to be a weaker month for markets (and corporate share buy backs go away); July tends to be stronger (and buy back activity returns). If you have not yet rebalanced your portfolio against risk, today would be a good day to do so. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch the video of this report here: https://www.youtube.com/watch?v=1gbbRIpFRqE ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Register for our next in-person event, "Retirement Income Empowerment Workshop," June 14, 2025: https://tracking.realinvestmentadvice.com/l/1052953/2025-05-08/ysxr ------- 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 #MarketPullback #BuyTheDip #ReduceRisk #RaiseCash #MarketConsolidation #20DMA #50DMA #100DMA #200DMA #InvestingAdvice #Money #Investing