DiscoverThoughtful Money with Adam TaggartNear -Term Sell Signal Triggered For Stocks | Lance Roberts & Adam Taggart
Near -Term Sell Signal Triggered For Stocks | Lance Roberts & Adam Taggart

Near -Term Sell Signal Triggered For Stocks | Lance Roberts & Adam Taggart

Update: 2024-06-01
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The S&P 500 has recently had a near-term sell signal triggered, during a week where many Tech stocks -- including Nvidia -- sold off harder than the general markets.

This shouldn't be a cause for major concern. But it explains why the market is down from it all-time high 10 days ago, and may likely have farther to fall until the overbought conditions are fully worked off.

The latest slowing CPE inflation data gave Wall Street a little more hope on Friday that rate cuts may not be pushed as far into the future as has been currently feared.

And this gave a boost to bonds, brining the US 10-year Treasury yield down to 4.5%.

Portfolio manager Lance Roberts and I discuss all this plus his firms latest trades in 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

#nvidia #nvda #inflation

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Near -Term Sell Signal Triggered For Stocks | Lance Roberts & Adam Taggart

Near -Term Sell Signal Triggered For Stocks | Lance Roberts & Adam Taggart

Adam Taggart | Thoughtful Money