About this episode
(8/30/23) Economic data has been "better than expected." Markets cleared the 20- and 50-DMA Tuesday, surpassing resistance to get back to previous highs. The MACD buy-signal was triggered; the market is somewhat overbought, so expect a bit of a pullback today following yesterday's 1.5% rally. However, this is still a very much bifurcated market, with Tuesday's rally almost entirely in the mega-cap stocks, which are flush with cash. (Bankruptcies were up 71% last month among smaller companies, as higher interest rates began to really weigh on more highly leveraged companies.) This is not a market that is equally built across all sectors. Most of the risk in the market now is in these small- and mid-cap companies. The strategy now is to chase stocks that have the least risk of bankruptcy. 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=Z1ozy4sE7LA&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 #MarketRally #MarketHigh #MovingAverages #20DMA #50DMA #200DMA #MarketRally #Money #Investing