Is this a Bear Trap or Still a Bear Market? (3/7/23)

(3/7/23) What is a Bear Trap? When Bulls snatch defeat from the jawes of victory, and an initial first attempt to break through support at the 200-DMA failed. That's not always a bad thing; myriad events this week could weigh on markets, including Fed Chairman Jerome Powell's Congressional testimony, and monthly employment data from February. Markets will hang on how hawkish Powell's comments provie to be. Additional economic data this month will also shape market response; so caution remains key: Don't be too bearish, but temper your bullishness, as well.  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=WY6DWm0gBLg&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1  ------- Articles mentioned in this report: "Bear Trap? Market Holds Critical Support." https://realinvestmentadvice.com/bear-trap-market-holds-critical-support/ ------- Visit our Site: 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 #BearTrap #BullMarket #200DMA #Employment #FederalReserve #JeromePowell #Markets #Money #Investing