About this episode
Following the 3% correction in the S&P, markets are oversold on multiple levels. Markets are holding at the 50-DMA and will try to rally up to the 20-DMA today. If the Fed comes out with dovish commentary tomorrow, markets could rally for another couple of days. The story lately has been how small caps have been out-performing large caps, but that wasn't the case on Monday: Large caps were up, small caps were down. Much of this has to do with the Yen carry trade, a currency that has been declining. We'll now see whether small caps can continue to rally, or this was just a flash-in-the-pan. Emerging markets continue to languish, and International's are not much better, continuing to lag other markets. Gold has similarly been stuck in a range, going neither up or down. Brent Crude is on a sell signal, retesting lows as the Israeli War has put pressure on prices. Back to school and a Trump election win could spark a rally in Oil. For now, focus on where earnings and fundamentals are. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=kUMHfGa5BLg&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- 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/ #20DMA #50DMA #Retest #SupportLevel #SectorRotation #MegaCap #RussellSmallCap # #OverboughtMarkets #BuySignal #SellSignal #YenCarryTrade #BrentCrude #Gold #Fundamentals #MarketBullishness #MarketCorrection #InvestingAdvice #Money #Investing