About this episode
(11/9/23) Markets added another positive day to their string of winning results, the longest since 2021. Markets have clearly broken the 50-DMA, and are now testing the 100-DMA. Markets are at the top of the downtrend channel, but are also overbought at this point, which suggests we should see a bit of a correction in the near term. We want to see the market hold around the 4,300 level so it can set up for a rally by the end of the year. Earnings seaons continues with 'okay' results, but majority of earnings growth still comes from the Magnificent 7 large-cap companies. Economic data is showing some signs of weakness, but nothing terrible. Money managers will be playing catch-up ahad of year's end, creating a bit of lift to markets. 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=Aa2FoDMtCDI&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 And here's Wednesday's edition, "Trapped," as referenced in this video: https://www.youtube.com/watch?v=tuDcsA-5pNE&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 #MarketRetest #50DMA #100DMA #200DMA #MutualFund #FundDistribution #SantaClausRally #Markets #Money #Investing