Setting-up for a Summer Sell-off | Three Minutes on Markets & Money [5/26/21]

4 years ago
2

(5/26/21) Our mid-week market rundown: S&P's continued buy signal provides positive opening for the day; likely to re-test all-time highs. 5% to 10% correction likely this summer. QQQ's have been outperforming the S&P up to this point with a little more upside still to run, but--the NASDAQ is running out of time. When it turns, will be time to take profits out. Small-caps have not gone anywhere, creating an over-all drag; Emerging Markets showing little additional activity. Dependency on exports will be impacted by peaking stimulus and tapering input, with deflationary pressures. Bonds' conflicting signals with prices moving up, yields falling, indicating weaker economic and earnings growth.
- Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts
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