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Episode 98: S&P500 is trading below its 50 day moving average- half the people I talk to are buying “on the dips” thinking the market will go on to make new highs; the other half are going short in anticipation of a large correction.
I’m sitting on the fence. In this episode I discuss why I think the market is trading in a bracketed range with no discernable indication of forward trend or momentum. I remain mostly in cash, which is my favorite fallback positon.
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Hosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building principles to help investors build wealth and attain personal freedom.
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Copyright © 2015 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.