Apr 27, 2022
(4/27/22) Markets remain under pressure as earnings come in not
as strong as expected. Markets retested March's low, but this
morning futures are pointing higher. Markets remain over sold, so
expect at least a small, short-term rally. This would be a good
time to rebalance and adjust for risk. Google reported
worse-than-expected earnings, breaking down below support. Google
is very over-sold but allow the stock to recover as investors
digest just how bad earnings were. Microsoft, similarly, has been
under pressure, and in a very over-sold condition. We expect it
will rally about 7% out of the gate this morning, thanks to
yesterday's earnings beat. Apple reports tomorrow.
Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts,
CIO
Produced by Brent Clanton
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