"Not Bad" vs "Good"

(8/1/22) Markets have been extremely bearish, very over-sold, very bearish, and overdue for a very nice, a countertrend rally, which finally occurred in July. When markets began to come to the realization the deflation may be a bigger issue than inflation, we started to see a rotation out of Value and into Tech. That the bullish set-up that would indicate higher stock prices in the near-term. But as we move into the month of August, which is historically a weaker month, it would not be surprising to see a bit of consolidation pull-back. Much will depend upon the Fed's next step. A higher-than-expected CPI print in August could push the Fed for stronger anti-inflationary measures in September. When the Fed stops its rate hikes, a recession, and a decline in asset prices are typically not far behind.

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