DiscoverThoughtful Money with Adam TaggartExtended, Overbought Market Likely To "Cool Its Heels" Soon | Lance Roberts & Adam Taggart
Extended, Overbought Market Likely To "Cool Its Heels" Soon | Lance Roberts & Adam Taggart

Extended, Overbought Market Likely To "Cool Its Heels" Soon | Lance Roberts & Adam Taggart

Update: 2024-05-25
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It's been a week to remember for stocks...

After the S&P, the Dow and the NASDAQ each hitting all-time highs earlier this week, Nvidia blew past expectations on both revenue and earnings, eclipsing $2.5 trillion in market value.

The bulls are feeling large & in charge as a result, though stocks may take breather soon -- as signaled by Thursday's bloodbath in the markets despite Nvidia's big beat.

Portfolio manager Lance Roberts sees stocks as extended and overbought in the near term, and expects a "cooling off" period to happen soon.

We discuss the reasons why, as well as recession risk, the latest employment data, technical indicators, and our advice to job seekers in this Weekly Recap.

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com

#nvidia #jobs #stockmarket

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Extended, Overbought Market Likely To "Cool Its Heels" Soon | Lance Roberts & Adam Taggart

Extended, Overbought Market Likely To "Cool Its Heels" Soon | Lance Roberts & Adam Taggart

Adam Taggart | Thoughtful Money