Have Markets Bottomed, or More Losses to Go?

(4/27/22) Markets remain under pressure as earnings come in not as strong as expected. Markets retested March's low, but this morning futures are pointing higher. Markets remain over sold, so expect at least a small, short-term rally. This would be a good time to rebalance and adjust for risk. Google reported worse-than-expected earnings, breaking down below support. Google is very over-sold but allow the stock to recover as investors digest just how bad earnings were. Microsoft, similarly, has been under pressure, and in a very over-sold condition. We expect it will rally about 7% out of the gate this morning, thanks to yesterday's earnings beat. Apple reports tomorrow.
Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton
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