Stocks Have Broken Below Their Trendline. Will They Regain It? | Lance Roberts & Adam Taggart
Description
The unending string of up weeks we saw in stocks in Q1 has ended here in April.
The market had a volatile week, with the S&P ending roughly 100 points lower and bond yields continuing to rise, with the UST 10-year now over 4.5%
Notably, the S&P has broken below the bullish trendline it has been trading in since the bull rally began back in November.The breakdown is unconfirmed as of yet.
But if stocks close a little lower from here without regaining their 20 Daily Moving Average, then it will be...so next week will bear close watching.
Portfolio Manager Lance Roberts and I discuss this in depth - as well as Jesse Felder's "three 50s" warnings, inflation, bonds, the price action in gold & oil, as well as his firm's recent trades.
For everything that mattered to market, watch this week's Market Recap featuring Lance Roberts.
WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
#stockmarketcorrection #bondyields #goldprice
---
Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support
United States
