Is the market downdraft that sent stocks 5% lower from their recent all-time highs over?
It's looking like it could be.
But the market is at a "critical juncture" observes portfolio manager Lance Roberts.
The S&P is getting quite close to its 50 and 20 Daily Moving Averages. If it rises above them, then we're likely back off to the races and new all-time highs could be in the future.
But if it fails to do so, then a fall back to the 100 Daily Moving Average is more likely in store.
Lance and I walk through the charts, as well discuss the latest slowdown in GDP growth, the latest hot inflation surprise data, as well as what's happening with bond yields.
This episode is very important to watch if you're 40 years or younger and/or just starting out on your wealth-building journey. Lance shares his simple formula for how to get out of financial survival mode and amass sufficient capital to take control of your financial destiny.
For that, plus everything that mattered to the markets, watch this week's Market Recap.
WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
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