Stocks pretty much ended the week where they began.
Is the raging rally that has propelled stocks higher so far this year finally running out of gas?
Quite possibly thinks portfolio manager Lance Roberts. Valuations remain at extremely stretched extremes for many assets including story stocks like Nvida, speculative assets like Bitcoin...and even gold.
As he has been predicting for several weeks now, Lance cautions that a 5-10% correct in the markets is highly likely at this point. It's time to hedge your positions and/or take gains.
We address all this, as well as inflation, jobs, recession odds, the plight of the middle class, the proposed legislation to limit TikTok, and the requirements & benefits of our constitutional republic form of governance.
For everything that mattered to markets this week, watch today's Weekly Market Recap.
WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
#inflation #interestrates #higherforlonger
