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8-27-24 Overbought Conditions Set Up For Correction
Published 1 year, 4 months ago
Description
Today's show is all over the place: Durable Goods take a big jump...unless you remove Aircraft. Astronauts stuck in space: Elon Musk to the rescue. Markets are overbought; risk remains in Carry Trade. Market correction will likely be short and shallow. What if: Nvidia's report tomorrow. Stocks are setting up for correction: Stocks on sale? Fallacies about the Dollar and where best to store currency. Viagra, Blue Chews, Him's/Her's: Demographics and the birthrate. Dating apps falling off a cliff. Demographics are destiny; the economics of dating. The family unit is the basis of the economy. The demise of society w/emergence of social media. Houston has a problem with scammers: Jonathan relates his daughter's recent run-in with the "Safe harbor Hotel" scam.
SEG-1: Durable Goods, Stuck in Space, Overbought Markets
SEG-2: Stocks Are Setting Up for Correction
SEG-3: Blue Chews & Destiny in Demographics
SEG-4: The Safe Harbor Hotel Scam
Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP, w Senior Financial Advisor Jonathan Penn, CFP
Produced by Brent Clanton, Executive Producer
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Watch today's show video here:
https://www.youtube.com/watch?v=NTQ7Ij7AOQE&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=5s
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Register for our Retirement Blueprint presentation:
https://www.eventbrite.com/e/993906249347?aff=oddtdtcreator
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Articles mentioned in this report:
"Overbought Conditions Set Up Short-Term Correction"
https://realinvestmentadvice.com/overbought-conditions-set-up-short-term-correction/
"Signals Suggest Bulls Trump Bears…For Now."
https://realinvestmentadvice.com/newsletter/
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The latest installment of our new feature, Before the Bell, "The Correction Will be Shallow" is here:
https://www.youtube.com/watch?v=Zh1I1CVJqdI&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
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Our previous show is here: "Risk Management Still Matters"
https://www.youtube.com/watch?v=AptzKfSc2Bw&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1
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Get more info & commentary:
https://realinvestmentadvice.com/newsletter/
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#MarketCorrection #OverBought #Oversold #DurableGoods #Aircraft #Nvidia #ElonMusk #RiskRangeReport #USDollar #Currency #CarryTrade #Viagra #BlueChew #DatingApp #Demographics #Birthrate #DatingEconomics #SocialMedia #SafeHarborScam #Markets #Money #Investing