About this episode
(12/5/22) Markets broke above the 200-DMA following last week's speech by Fed Chairman Jerome Powell, which included somewhat dovish language. But markets moderated somewhat on Thursday, touching the 200-DMA and then sold-off. Encouraged by a stronger-than-expected Payrolls Report, markets broke back through the 200-DMA, but rallied again and essentially closed un-changed. All of these gyrations provided a successful test of the 200-DMA. If resistance that this level is to be turned into support, we need a retest and breakout to the upside. Futures are weaker this morning, interest rates are climbing, and the dollar is continuing to decline. And if the pattern follows, a weaker Dollar signals a stronger market, which the Fed does not want. Bullish technicals continue, and our target remains 4,100 on the S&P. Now is the time to readjust portfolios, do tax-loss harvesting, if necessary, and use any rally to rebalance risk. 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=7K-r-DDok5s&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/ #InvestingAdvice #BullMarket #200DMA #FederalReserve #InterestRateHikes #MarketSupport #MarketRisk #Markets #Money #Investing