With stocks still firmly in overbought territory and the uncertainty of the US presidential election nearing, portfolio manager Lance Roberts warns "We're due for a correction"
He expects a 5-10% pullback in the near term. And perhaps a slightly larger drop leading up to November as Wall Street de-risks ahead of voting.
Lance and Adam review the latest chart technicals, whether Japan’s Norinchukin Bank and it's announced liquidation of its US Treasury portfolio poses a risk to bond market, the dangers of private investing, and the worrying extent to just how far the S&P 500 is trading above historical valuation averages.
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