Markets Break 50-DMA

2 years ago
11

(8/31/22) Tuesday's Jolt Report showing stronger employment jerked markets to attention with the suggestion the Fed may become even more aggressive in its tightening strategy. However, a closer look at the employment scene reveals labor force participation rates are nothing to crow about. The Fed's focus on inflation after Jerome Powell's post-Jackson Hole speech sparked a sell-off with follow through yesterday on "stronger" employment data, dropping below the 50-DMA, the markets' line in the sand. Markets remain over-sold, giving us the ability for a reflexive rally, and use that as an opportunity to raise cash and reduce portfolio risk.
Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton
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