Markets Try, Try Again |Three Minutes on Markets & Money [5/24/21]

(5/24/21) S&P opens higher, preparing to assault Buy-signal that's been anticipated for past several weeks. NASDAQ tries to rally above 20-DMA; will likely outperform S&P over next weeks. Weekly Buy-signals are close to triggering Sell-signals, like in June or July. A 5% correction would not be surprising. Bonds & Stocks' correlation has been highest since 1999--which should not be the case. If Bond prices are moving up, 10-yr yields are moving down: Weaker yields have high correlation with weaker growth expectations, which will impact earnings expectations into 2022.
- Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts
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