Has the Buying Stampede Been Reigned-in? (6/21/23)

(6/21/23) Markets have had two days of declines after an extended period of daily gains. The buying stampede has gotten very long in the tooth, providing opportunity for a bit of a pullback (and two unavoidable horse metaphors.) Futures are weaker this morning ahead of whatever the Fed may say today. The consolidating work of a corrective process appears to have begun that should bring prices back down to at least the 20-DMA. We're looking for some rotational cash flow over the next few days, especially as we head into the month, and funds begin to rebalance their allocations.  Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton --------  Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel:  https://www.youtube.com/watch?v=yFFge2nod2U&list=PLwNgo56zE4RA3snVQyugvOF5TwZ1Xu7bm&index=1 ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #MarketCorrection #MarketSellOff #BuyingStampeded #200DMA #50DMA #Money #Investing