Are We Near the Bottom?

(5/9/22) Concerns over Fed speakers and Inflation numbers releases this week, as markets begin trading deep in the red; will we see inflation's peak--and with that, a softer stance by the Fed? Markets are starting the week down three standard-deviations from the 50-DMA. Professional, Retail, and Positioning sentiment are all quite pessimistic across the board; technical indicators are over-sold on virtually every level. At this point, it's extremely important to not allow emotions to take hold of your investing decisions and push you into a position of forced selling. If you're not happy about where your portfolio is right now, you've got an allocation problem; use the coming reflexive rally to sell off positions of weakness, and to balance the risk in your portfolio. If you sell today, keep in mind--markets could dip lower down to the 3900 level. That's likely to be short-lived, as evidence by market performance shortly after the invasion of Ukraine, and the sell-off following January's peak. At each such event, markets had a nice reflexive rally, and appear to be similarly setting up for the same thing again. Emotional selling opportunities tend to be traps for investors.

Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton
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