About this episode
(12/19/22) Remember we told you the first couple of weeks in December tend to be sloppy; this has come to pass. Markets have bee in a sideways trend since November, actually. Following last week's CPI report and the Fed's mire hawkish stance, market sold-off to break the consolidation range and the 50-DMA. The silver-lining in that action is that it sets up nicely for a "Santa Claus Rally." BUT...there is still potential for any rally to be somewhat limited. Please note: This is the time of year when professional traders have hiked to the Hamptons for the holidays, and the inmates are running the asylum, which sets up for a bit more market volatility on weaker volume. Meanwhile, portfolio manager are now tasked with year-end windo dressing, which provides opportunity for a bit of a rally to the 3800+ level. Also note, the consolidation range will provide some overhead resistance to any rally. We think there will be a tradable rally if you're willing to take on a little bit of 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=BZfX-j2sWM0&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 #SantaClausRally #MarketVolatility #MarketRisk #Markets #Money #Investing