About this episode
(8/9/23) The market did sell off a bit yesterday, taking out its previous low, as expected, and also had a rally at the end of the day to finish positively. The NASDAQ tested the 50-DMA, bounced off that, and held that level of support. Much of this hinges on Apple's ability to get its act together, since it is such a large component of the NASDAQ and the S&P. The Russell 2000 has turned over with the rest of the markets; small- and mid-cap companies have really gone nowhere. Most of the market activity has been driven by the seven large-cap companies, underscoring what a bifurcated market this has been. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Articles mentioned in this report: "The Market Is Detached From The Real Economy" https://realinvestmentadvice.com/the-market-is-detached-from-the-real-economy/ ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel: https://www.youtube.com/watch?v=eCEubkh0FlM&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- 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/ #InvestingAdvice #MarketCorrection #MovingAverages #20DMA #50DMA #200DMA #BifurcatedMarket #Apple #Russell2000 #Money #Investing