Jul 27, 2023
(7/28/23) The Dow is on one of the longest winning streaks we've seen in some time; a very different story from the S&P and the NASDAQ. The Dow is only now breaking out of a trading range in which it has been stuck since the beginning of the year. (You have to go back to 1987 to find a comparable winning streak.) The Dow is now extremely over-bought from the catch-up trade and some sector rotation. This sets the index up for some kind of correction in the months to come. And that response will provide you with a better opportunity to buy in, rather than chasing stocks here.
Hosted by RIA Advisors Chief Investment Strategist, Lance
Roberts, CIO
Produced by Brent Clanton
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