About this episode
(7/13/23) A weaker-than-expected .2% CPI report resulted in a market rally that broke out of the consolidation range. Markets interpreted the drop to 3% YOY inflation to infer the Fed will halt its interest rate hike campaign, if, in fact, the FOMC raises rates (for a final time) this month. Sell signals are about to flip to "buy." Most of today's action will be tech-driven. At this point, there's not a lot to stop markets from once again reaching all-time highs. Note, however, that we're in the seasonally weak time of the year; the put/call ratio is "put-hate" across the board, with no one really believing the market can decline here. We still believe there is the possibility of a short term correction this summer. Use dips as an opportunity to buy-in to markets. Recession concerns remain, but the markets are looking well-past that now. 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=ga0EkmNE7CQ&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Register here for our next live webinar: https://us06web.zoom.us/webinar/register/3416835709522/WN_ItmsNXpsRs2uKE6xOrJtdg ------- 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 #CPI #Inflation #FederalReserve #InterestRates #20DMA #50DMA #SellSignal #Money #Investing