May 30, 2023
(5/30/23) Market futures are pointing dramatically higher on
news of a debt ceiling deal, and more talk from NVDIA about the AI
revolution and the seemingly endless possibilities. This breakout
takes out the supports in place two years ago when Russia invaded
Ukraine, setting markets up for a rally to March's highs, and a
rally to all-time highs. Not overnight, of course; but once we
clear out of the consolidation range, the next step is 4400, and
then upwards to 4600 by the end of the year. We will participate in
this rally, but with cautions and concerns over valuations;
earnings are recovering, but may not recover as rapidly as markets
expect.
Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts,
CIO
Produced by Brent Clanton
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Article mentioned in this video:
"Technical Review Of The Market: Bulls In Control"
https://realinvestmentadvice.com/technical-review-of-the-market-bulls-in-control/
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