(6/6/23) The Service-based part of our economy represents 70%, and the ISM Service Index is on the cusp of correction, and indication of pending recession. Oil prices have sold off, and are under pressure; Gold prices are soft. Market Breadth is narrow (and why it matters); Why didn't Apple evening mention AI in Monday's Investor Day (coded-as "machine language")? Market growth of late has been fueled by AI-hype. UFO Whistleblower: We are not alone. Expectations or earnings never realized: NVDIA & AI: Price of entry for most companies is too high; opportunity for low-cost competitor to enter the fray. NVDIA cannot grow fast enough to sustain rate; cost of acquisition will fall. Overbought markets may be stuck until next catalyst; Jun Fed meeting? Any Fed rate cut is being pushed further and further back; timing of Recession. Growth has been declining, but is still positive.
SEG-1: When Services Activity Weakens
SEG-2: Why Market Breadth Matters
SEG-3: Extraterrestrials & Market Expectations
SEG-4: Will the Fed's June Meeting Be the Next Market Catalyst?
Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
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Watch today's show on our YouTube channel:
https://www.youtube.com/watch?v=05URMbQSNb4&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=5s
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The latest installment of our new feature, Before the Bell | "Markets Overbought: Is Correction Near? " is here:
https://www.youtube.com/watch?v=VW29t5XPtRA&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
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Our previous show is here: "Anticipating the Fed: Will They Hike or Hold?"
https://www.youtube.com/watch?v=tDtsyTYPldk&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=27s
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Articles Mentioned in Today's Show:
"Breadth Not As Strong As Advance-Decline Suggests"
https://realinvestmentadvice.com/breadth-not-as-strong-as-advance-decline-suggests/
"Technical Review Of The Market: Bulls In Control"
https://realinvestmentadvice.com/technical-review-of-the-market-bulls-in-control/
"CBDC- Navigating Pros and Cons to Ease Apprehensions"
https://realinvestmentadvice.com/cbdc-navigating-pros-and-cons-to-ease-apprehensions
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Contact Us: 1-855-RIA-PLAN
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