Short-Term Sell Signal Triggered For Stocks | Lance Roberts & Adam Taggart
Update: 2024-10-05
Description
While there is a "tsunami" of liquidity currently flowing that can power stocks higher into year end, in the near term, stocks are looking over-bought and a (short-term) sell signal was triggered this week says portfolio manager Lance Roberts.
So between now and the election, be prepared for stocks to trade sluggishly and/or weaken.
Other than that, though, the developments this week have been largely favorable for the economy. Very strong jobs numbers (if we can believe them), a resolution to the longshoremen strike that threatened to paralyze ports along the US Gulf and East coasts, and a potential resumption of student loan forgiveness.
We talk about all that and more, including Lance's firm's latest trades, in this week's Market Recap.
WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
#jobsreport #liquidity #bearmarket
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Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support
So between now and the election, be prepared for stocks to trade sluggishly and/or weaken.
Other than that, though, the developments this week have been largely favorable for the economy. Very strong jobs numbers (if we can believe them), a resolution to the longshoremen strike that threatened to paralyze ports along the US Gulf and East coasts, and a potential resumption of student loan forgiveness.
We talk about all that and more, including Lance's firm's latest trades, in this week's Market Recap.
WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
#jobsreport #liquidity #bearmarket
---
Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support
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