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Market Risk Still To The Downside In Near Term, But Be Ready To Buy Back In | Lance Roberts
WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
Stocks are still in a technical breakdown, approaching a test of the 20 Day daily moving average (DMA)
Portfolio manager Lance Roberts thinks the S&P could easily drop another 100 points or more until it hits support.
Once it does, he thinks that will be a good time to add capital back into quality stocks that have sold off a bit.
So in the near term, keep your powder dry -- but be ready to act once that moment arrives.
Lance and I discuss this coming oppportunity, as well as AI, energy, Tesla, why the Fed is 'too late' in its policy response yet again, as well as Lance's firm's latest trades in this week's Market Recap.
For everything that mattered to markets this week, watch this video.
#marketcorrection #tesla #artificialintelligence
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We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.
IMPORTANT NOTE: There are risks associated with investing in securities.
Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.
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