Is FOMO Back as Markets Correct? (6/26/23)

(6/26/23) Weekend recap: The coup that was over before it started; everyone is now a deep-sea exploration expert. Thanks, Internet. End of Quarter dynamics are toying with markets: What will be seen in Q-2 results? Portfolio rebalancing by fund managers create sector rotation & selling pressure. Markets will re-test 20-DMA. Buy signals drive markets; when sell signals are triggered two things may happen: a.) market consolidation sideways, or b.) correction back to support. July & August produce weaker price performance. An application of Pascal's argument on God's existence to stock ownership risks over time. 90% of fund managers underperform the index.  Markets are still betting on a "New Bull Market." Last October's lows appear to have been validated. Markets are still dealing with AI "bubbleliciousness." Why prices move: The market is just one big auction. Why Technicals matter more than Fundamentals: Technicals measure sentiment; what is the market saying? Prices are falling as markets correct; FOMO is back. The impact of higher interest rates on smaller companies. Learning to live with higher rates; Bonds vs Stocks. The average maturity dates of junk bonds is shrinking; the risk of default rises over time. The bond market is all about math.   SEG-1: What Will Be Seen in Q-2 Results? SEG-2: Does Stock Ownership Risk Decline Over Time? SEG-3: Markets Still frothy with AI Bubbleliciousness SEG-4: The Impact of Higher Rates on Smaller Companies   Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel:   https://www.youtube.com/watch?v=u38xjcVeKpE&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2s -------- The latest installment of our new feature, Before the Bell | "Markets Are Driven by Buyers" is here:  https://www.youtube.com/watch?v=QRV-ZYprfUA&list=PLwNgo56zE4RA3snVQyugvOF5TwZ1Xu7bm&index=1 --------  Our previous show is here: "How You, too, Can Retire at 55" https://www.youtube.com/watch?v=bk