Mar 30, 2023
(3/30/23) Markets rallied almost 2% Wednesday to climb above the
50-DMA, the first line of resistance markets needed to clear in
order to advance to 4,100. Futures this morning are higher, and
markets are not over bought, so there is fuel for markets to
continue to rally in the short term at least. Interestingly, this
rally is being led by Tech and Communications stocks, among the
most-hated of last year,
thanks to disinflation and a reduction of inflationary pressures.
Even as economic indicators are signaling weaker growth, analysts
are ratcheting up earnings estimates for 2024.
Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts,
CIO
Produced by Brent Clanton
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Articles mentioned in this report:
"Bullish Buy Signals Mark 4200 For Relief Rally"
https://realinvestmentadvice.com/bullish-buy-signals-mark-4200-for-relief-rally/
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Articles mentioned in this report:
"Are The FANG Stocks Dead?"
https://realinvestmentadvice.com/are-the-fang-stocks-dead/
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