Will the Dust Settle This Week?

(6/27/22) Markets rallied 6.5% on the S&P last week--was that the bottom? We won't really know until the dust settles from this week, with a $30-B rebalancing act coming as the end of June marks the end of the quarter. This regular "window-dressing" parade will add more buying pressure to the markets ahead of the first two weeks of July--which tend to be strong performers, historically. Caveat: Seasonality hasn't worked out too well for markets this year...2022 has had one of the worst starts to the year since the 1930's. However, over-sold market conditions are turning up; there is some support remaining for a rally. The target is between 3,900 and 4,000 at the 50-DMA. We're seeing the same set up for June that we saw in May, when a rally wiped out most of the losses.
Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton
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