About this episode
(11/6/23) Markets rallied nicely last week, adding 6% to the S&P after the prior week's panic over market declines. Markets ran right through all the resistance levels that were of concern. Markets are now overbought on a short-term basis. You can expect a little consolidation from this point. If we can hold the 20-DMA, and not retest the 50-DMA, that would be very bullish, but a bit of a pull back here would not be surprising. Bonds have had a tough year this year and expect a rally in yields to about 4.7% before sliding back downward. If we see more weak economic data, expect yields to drop still lower, and lower yields are a problem for the Fed. 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 new "Before the Bell" YouTube channel: https://www.youtube.com/watch?v=PQ0J54xPu9Q&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 #MarketRally #200DMA #BondYields #Markets #Money #Investing