Outsized Rallies Continue to Fail
(3/10/22) The NASDAQ chalked up a 3% gain, and he S&P bounded nearly as much in the biggest one-day gain we've seen in a while. But even with this volatile behavior, markets have been in a consistent decline since January. The out-sized rallies have continued to fail--a hallmark of the correctional process. Below the surface of the average, individual companies are recording losses of up to 30- and 40% off their peaks. The S&P is being sustained by larger companies with the wherewithal to buy back their stocks. Amazon announced a 20:1 stock split and a buy-back program worth $10-B. Thanks to Amazon's effect on market weighting, this activity will further buoy the S&P and NASDAQ. Markets on Wednesday failed to reclaim support at previous levels, closing right at that support level, and as markets open lower this morning, that previous support level will be critical. Markets are over-sold, but not dramatically so, and fuel remains for a bigger correction to the downside. Next week's Fed meeting will be held in the context of what's happening in Russia/Ukraine, and whether OPEC will increase production. Any "good" news could change this dynamic. The big issue between a 10% correction and a rally to new highs is whether the economy falls into recession this year.
--------
Get more info & commentary:
https://realinvestmentadvice.com/news...
--------
Watch the video version of this report by subscribing to our YouTube channel: https://www.youtube.com/watch?v=kPOOHey3Mtc&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1
--------
Articles mentioned in this report:
https://realinvestmentadvice.com/high-gas-prices-and-recessions
https://realinvestmentadvice.com/insights/daily-market-commentary/
--------
Visit our Site: www.realinvestmentadvice.com
Contact Us: 1-855-RIA-PLAN
--------
Subscribe to RIA Pro:
https://riapro.net/home
--------
Connect with us on social:
https://twitter.com/RealInvAdvice
https://twitter.com/LanceRoberts
https://www.facebook.com/RealInvestme...
https://www.linkedin.com/in/realinves...
-
3:11
Lance Roberts' Three Minutes on Markets & Money
1 year ago $0.02 earnedSetting Expectations for 2023
691 -
10:19
China Uncensored
7 hours agoChina's "Garbage Time of History" Gets Worse
57.1K26 -
1:31:21
Glenn Greenwald
10 hours agoNew Poll: Dems Revere The Security State; DC Blob Begins To Accept Reality On Ukraine; New Focus Group Reveals Gap Between DC & Voters | SYSTEM UPDATE #341
103K104 -
1:42:39
The Quartering
10 hours agoKamala Harris LIVE Interview Fact Check & Watch Party! 6:30EST!
99.7K53 -
2:33:24
Melonie Mac
10 hours agoGo Boom Live Ep 22!
69K43 -
59:54
The StoneZONE with Roger Stone
8 hours agoNo Drone Surveillance? Crazy Secret Service Failures In Trump Assassination Attempt | The StoneZONE
51.6K11 -
4:05:04
Tundra Gaming Live
11 hours agoThe Worlds Worst Horror Streamer Has Heart Attack Playing Phasmophobia
38K1 -
1:48:30
2 MIKES LIVE
16 hours ago2 MIKES LIVE #121 with Special Guest TOMMY JOHN!
37.7K3 -
8:18
Chrissy Clark
12 hours ago“THINfluencer” Banned For Weight Loss Tips I Underreported Stories
40.6K21 -
54:41
The Amber May Show
10 hours agoIvan Raiklin | Going After The Deep State
31.5K4