Jun 29, 2023
(6/29/23) Markets Wednesday opened weak, rallied strongly, and
then sold-off. But markets were slightly positive from where they
opened for the day. Support levels are holding this morning, with
futures looking higher. The "threat" is two remaining days for
quarter-end portfolio rebalancing. We're still on a sell-signal,
which doesn't mean prices necessarily decline sharply, but
indications are for a limited upside, and a downside potential of
between 200- and 300-points. Remember, a 5- to 10% correction is
completely normal in any given year, and such action would likely
provide a better entry opportunity heading into the end of the
year.
Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts,
CIO
Produced by Brent Clanton
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