Lance Roberts | TalkMarkets | Page 92
Chief Investment Strategist / Chief Economist of RIA Advisors
Lance Roberts is the Chief Investment Strategist, Chief Economist and member of the investment committee for RIA Advisors. His primary focuses are macro trends, financial, fundamental and technical analysis of the markets and equities, credit markets, ...more

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Dow 20,000 12-9-16
This past week, the market advanced 3% heading towards my target of 2400. The Dow broke above 19700 and is within striking distance of the “psychological” summit of 20,000.
Weekend Reading: The Trump Train Continues To Roll
The market rally on Wednesday was quite a stunner given the already full extension of the market advance following the election.
Technically Speaking: Will Santa Come To "Broad & Wall?"
With the market now back to overbought conditions, it is now or never for the traditional “Santa Rally.”
Can Trumponomics Fix What’s Broken?
The proposed tax cut by President-elect Trump will be the largest since Ronald Reagan.
Trumponomics – The New Hope
Following the election, the market surged around the theme of “Trumponomics” as a “New Hope” as tax cuts and infrastructure spending (massive deficit increase) will fuel companies' earnings growth, stronger economic growth and higher asset prices.
Weekend Reading: Trumponomics
Following Donald Trump’s surprise victory and the violent market reactions, many investors are left scratching their heads. As shown above, the consensus narrative warned that a Trump victory would spell doom for the markets.
3 Things: Exuberance, Small Caps, 6% Realities
The level of “complacency” in the market has simply gotten to an extreme that rarely lasts long. With the markets overly extended, bullish and complacent, the risk of a correction has risen markedly.
Technically Speaking: Weak Links In The "Trump Rally"
The market has moved from extremely oversold conditions to extremely overbought in a very short period. This is the first time, within the last three years, the markets have pushed a 3-standard deviation move from the 50-day moving average.
The Long-Term Investing Myth
Investing is not a competition. There are no prizes for winning but there are severe penalties for losing.
Technically Speaking: Welcome To The "Melt Up"
While economic and fundamental realities have not changed since the election, markets are pricing in expected impacts of changes to fiscal policy.
Revisiting Why Benchmarking Is A Bad Strategy
Investing is not a competition and, as history shows, there are horrid consequences for treating it as such. So, do yourself a favor and forget about what the benchmark index does from one day to the next.
Don’t Be The Turkey
With markets trying to play catch up after a sloppy summer, pushing extreme overbought conditions, the Fed once again lifting rates and a sharply higher dollar and interest rates and you have all the makings for a rather nasty correction.
Weekend Reading: The Trump Effect
After more than a week following the election, the markets, and a large chunk of the nation, remain a mixed bagged of emotions ranging from exuberance and disbelief to anger and depression.
3 Things: Retail Sales, Ignorance & Return Reality
Both actual and expected retail sales are declining from levels that have historically been indicative of a recession. With consumer credit surging to more than 26% of DPI, the economic strain is clearly evident.
Technically Speaking: The Great Divide
In the short-term, the markets can act completely contradictory to logic as the rebalancing of portfolio exposures (both long and short) lead to sector and market dislocations.
Correcting Some Misconceptions About A New Secular Bull Market - Monday, Nov. 14
While there are many "hopes" currently economic growth will pick up in 2017, just as there have been in every year since the financial crisis, the structural and demographic headwinds remain present.
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