8-1-24 Market Bull Trend Remains Intact

The Real Investment Show Podcast

The month of August tends to be okay for investors, but in an election year tends to be weaker, and September, seasonally-speaking, tends to be the weakest of the months. Noting the behavior of the NASDAQ of late, it appears a reflexive rally is much more likely following the recent sell-off. Portfolio managers' de-grossing of their holdings has resulted in an under-weighing of portfolios, which will be remedied by a "re-grossing" of their holdings as earnings season winds down, leading to a bit more of a rally in the near term. This activity will continue to run along a trend line at the 100-DMA, indicating the bullish trend remains intact. There remains more work to be done ahead of the elections in November. It will be no surprise, therefore, to see markets become a bit more cautious ahead of the election. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=79762x_wVdU&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketCaution #2024Election #InvestorCaution #NASDAQ #NASDAQcorrection #20DMA #50DMA #Retest #SupportLevel #SectorRotation #MegaCap #RussellSmallCap # #OverboughtMarkets #BuySignal #SellSignal #MarketBullishness #MarketCorrection #InvestingAdvice #Money #Investing