About this episode
The Carry Trade blow out created a market that is now oversold by more than three standard deviations. The most logical, next move for markets will be a bounce. Keep in mind, as sharp as Monday's drop was, we're still only 8% down from the peak, meaning we're still withing a normal, corrective process at this point. If markets fall further, say to the 200-DMA, that's a move of about 10%, and we think that's likely what's going to happen. BUT...before that can occur, there are two, very big gaps that must be filled: Big selloffs occur so quickly, there's little time for investors to react, resulting in "trapped longs" looking for any rally to sell into. That will lead to a re-test of the 200-DMA. This is why it's important to use rallies to reduce risk. 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=yQ5fj8q9sj8&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/ #MarketBounce #MarketCorrection #TrappedLongs #CarryTrade #MarginCalls #JapaneseYen #USDollar #MarketCaution #2024Election #InvestorCaution #NASDAQ #NASDAQcorrection #20DMA #50DMA #Retest #SupportLevel #SectorRotation #MegaCap #RussellSmallCap # #OverboughtMarkets #BuySignal #SellSignal #MarketBullishness #MarketCorrection #InvestingAdvice #Money #Investing