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Has A "Tradable Opportunity" For Oversold Stocks Now Arrived? | Lance Roberts & Adam Taggart
Published 1 year ago
Description
Yesterday, the S&P 500 (barely) broke a 4-week losing streak of down weeks.On a technical level, stocks remain extremely oversold here and sentiment is similarly at a negative extreme.As portfolio manager Lance Roberts notes, conditions like these are ripe for a market reversal. In his opinion, the odds favor a rally in the near term -- perhaps as soon as next week.We discuss the reasons why, as well as the latest Fed guidance, the true risk of recession, bonds, Tesla, and Lance's firm's latest trades in this Weekly Market Recap.