About this episode
(12/12/22) Remember the Big Short Squeeze we predicted way back in September? Negative sentiment and extra off-side positioning by investors was what was needed for the markets, and that has all played out as we thought. However, concern over the level of "overboughteness" in the rally, and proximity of triggering a MACD sell signal, have primed investors for profit-taking and risk reduction. What has been needed in December was sloppy action in the first half of the month holding support, leading to a Santa Claus rally in the second half of the month. We're seeing signs that upside pricing may be somewhat limited, but some catalysts remain: Tomorrow's CPI report, Wednesday's FOMC meeting, and Friday's options expirations could provide a mixed bag of influences and volatility this week. The following week will be defined by lighter trading as end of year vacations hit, and the inmates begin to run the asylum. 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=Z1Iq--THr3g&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 #CPI #FOMCMeeting #ChristmasCountdown #MarketRisk #Markets #Money #Investing