About this episode
(3/3/22) Markets liked what Jerome Powell had to say to Congress, and continue to consolidate off over-sold conditions of a few days ago, holding support from January's lows. Markets remain in a bullish position, with stock buy backs very supportive of large-caps. Despite geopolitics and inflationary pressures, markets have held their own, going through a corrective process. However, there is still risk to the downside: There are three resistance levels to be conquered. What needs to happen next is a combination of good news, such as a troop withdrawal from Ukraine, or perhaps a complete reversal by the Federal Reserve, suggesting no rate hikes, and a pause in balance sheet shrinkage. Both scenarios are a stretch with inflation running hot. We believe we will see a continued, downward trend for the time being, and if markets do break thru resistance levels, the possibility of a larger correction looms. Presented by RIA Advisors Chief Investment Strategist, Lance Roberts -------- Get more info & commentary: https://realinvestmentadvice.com/news... -------- Watch the video version of this report by subscribing to our YouTube channel: https://www.youtube.com/watch?v=kBVJfVaw4mQ&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/RealInvestme... https://www.linkedin.com/in/realinves... #JeromePowell #Russia #Ukraine #FederalReserve #MarketVolatility #MarketRally #Inflation #Jerome Powell #Markets #Money #Investing