5% to 10% Correction is Expected in Markets

(10/31/23) Halloween Traditions & the FOMC Meeting starts today: It's not likely the Fed will raise rates; what happens when stock prices fall? Expectations are for the Fed to hold firm until Summer, and then will have to cut rates. Markets rallied 1% Monday; will there be follow-through to confirm the movement? Resistance now at 200-DMA/4,250. "I told you so in June:" 5% to 10% correction expected in markets, and investors become bearish; the importance of perspective in investing: Corrections are a necessary factor (Possibilities vs Probabilities). How to build wealth: Save money. Looking at the Bell Curve of possibilities, when will this all be over? When the Fed cuts rates; the possibility of WW-III (review: "Band of Brothers") Caterpillar reports earnings, benefits from stimulus funding for construction projects: 'What will you do for me next?' What will be the next driver for expansion/sales at CAT? Pfizer; Getting bitten by weaker COVID sales; what will they come up with next to boost sales? Bud Light/AB alliance w UFC; Yum brands; Is Q3 really the "earnings trough?"

2:41 - Will the Fed Hold Rates Firm Until Summer?
14:01 - I Told You So in June
30:00 - Making Mistakes w Blanket Decisions
43:59 - Earnings Preview Round-up

Hosted by RIA Advisors' Chief Investment Strategist Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
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The latest installment of our new feature, Before the Bell, "Monday Market Rally: Was It Trick or Treat?" is here: https://www.youtube.com/watch?v=pkDuLs1l_CU&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
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Our previous show is here: "Wrapping Up October"
https://www.youtube.com/watch?v=XkelCMkbVOc&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=1s
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Articles Mentioned in this Show:
"Possibilities Versus Probabilities"
https://realinvestmentadvice.com/newsletter/
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https://realinvestmentadvice.com/newsletter/
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