About this episode
(10/12/23) Markets have essentially shunned the war in Israel this week, thus far. Wednesday's Producer Price Index (PPI) did come in a bit hotter-than-expected, and the Fed Minutes released yesterday talked about higher-for-longer interest rates. All this data has become moot in the face of a sharp drop in Crude Oil prices following another big build in supplies. Interest Rates made another sharp move higher, pleasing the Fed in its quest to quell inflation. Interest Rates are testing the 20-DMA, the trend for rates since the higher acceleration. Lower rates will translate into higher Bond prices. With the markets now moving into the seasonally-strong period of the year, the MACD Buy signal has been triggered, suggesting higher stock prices moving forward. We're looking for a stronger rally in the index, despite resistance at 4,380. Other technical indicators also suggest this market wants to go higher. 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=0XhS6bpASeU&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 #InterestRates #CrudeOil #EnergyPrices #PPI #CPI #Markets #Money #Investing