9-15-25 All Time Highs on Muted Moves | Before the Bell Markets hit another all time high last week, but on very muted moves as investors continue climb a wall of worry. Markets continue to test the 20-DMA and rally back above...another pullback to that level would not be surprising. Markets are somewhat over bought on a relative strength basis, and not sitting on a very tight MACD momentum signal. Retail buying is approaching some of the highest levels we've seen, while professional investors' allocations are still somewhat underweight equities (computer traded algorithms are excepted). AS we head into the end of the quarter, we could see institutional buying also providing additional support. This is NOT the look of a "market melt-up;" it's just a gradual grind higher with investors willing to pay a little more without a sharp, speculative spike. What to watch? Volatility remains complacent, and complacent markets invariably lead to non-complacent markets. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Register for our next RIA Dynamic Learning Series event, "Savvy Medicare Planning," September 18, 2025: https://realinvestmentadvice.com/resources/events/savvy-medicare-planning-what-baby-boomers-need-to-know-about-medicare/ ------- 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/ #MarketComplacency #MarketDeviations #NegativeDivergence #AllTimeHigh #WallOfWorry #20DMA #50DMA #100DMA #200DMA #InvestingAdvice #Money #Investing

Complacent markets invariably lead to non-complacent markets: All you need is a catalyst.
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Are Markets too Complacent?
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