Jun 26, 2024
Markets are over-bought and can stay that way for a long time. Being over-bought is a function of momentum. A lot of market momentum will drive asset prices higher. This does NOT mean you won't see small corrections back to a support line...which tend to be buying opportunities instead of selling opportunities. Look at market behavior from November '23 thru march of this year: Markets remained over-bought until, finally, we got a 5% correction. Just because markets are over-bought does not mean they're not going to go up. This is why it's important to remain patient and not over react.
Hosted by RIA Chief Investment Strategist, Lance Roberts,
CIO
Produced by Brent Clanton, Executive Producer
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Watch the video version of this podcast:
https://www.youtube.com/watch?v=zO6Gwv9xAqs&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
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