Can Markets Hit 4100?

(10/19/22) Futures are depressed after two-days of rallying, which is not surprising. Markets did set a new low following last week's CPI report, confirming the divergence we saw in the MAC-D and Relative Strength index, suggesting a short-term bottom at least. Markets are next challenging the 3800 level, followed by 3900, and if successful, on to the 4100 level, which may be the upper limit for the year as 2022 comes to a close. We're recommending using any rally as an opportunity to raise cash and rebalance risk.
Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton
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