7-29-24 Is the Correction Over? | Before the Bell

Markets corrected last week and tested the 50-DMA, and on Friday bounced with a decent rally above that point. But, a violation of the moving average on one day means nothing. Note, however as we move into August, which is not a great month, but it's not terrible; the sell-signal is still firmly in place, so it's unlikely that the current correction is over. In fact, we could be in this correctional propcess for a month or two, heading into the election. At this point take care to use rallies to sell into; don't try to buy the dip. It's way too early for that.
Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO
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[@BA-lt2tx]

Good call on seeing this one coming and thanks for the updates!