About this episode
(8/3/23) Just like clock-work, August begins with a market correction underway: Markets lost 1% yesterday, and look to take out support at the 20DMA today. The 50DMA at 4,280 will be the next, big level of support for the market to hang on to. If the market breaches the 50DMA, it's still in no crisis. Even a test of the 200DMA would be just a 10% decline from the peak, still not necessarily indicative of a bear market's return. A 10% correction is normal in any given year. Watch for another day or two of continued sell-off as the market works off its over-bought positions. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Articles mentioned in this report: "Bullish Measures Are Getting Really Bullish" https://realinvestmentadvice.com/bullish-measures-are-getting-really-bullish ------- 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=6wrnCJSqPvU&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 #MarketCorrection #MovingAverages #200DMA #BullMarket #MarketVolatility #Money #Investing