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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#MarketComplacency #MarketDeviations #NegativeDivergence

9-9-25 Market Deviations Continue to Grow | Before the Bell Markets getting pretty "over-done," with negative divergences in relative strength and momentum, with a significant gap between where the market is trading and the 20-DMA. Moving averages have "gravitational pull;" meaning, the larger the gap, the greater the pull back towards the average. This is why markets correct, and this gap WILL eventually close. Presently the difference would be about an 8% clipping. Despite the "altitude" of markets, which is extremely high, the risk of correction very much remains...up to about 8% now. That would be normal. It happens. The fact that we had a 20% correction in April somewhat minimizes the risk of a move as massive, but corrective risk remains, nonetheless. Meanwhile, Bonds have been doing exceptionally well. Yields have been dropping fairly sharply, with the Ten-year Treasury approaching 4%. Similarly, Gold has had a very steady climb after a long consolidation, and it's time to take some profits. Bit coin has also turned up positive on a buy signal (we discuss Bitcoin at length in today's show). Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch the Video version of this report on our YouTube channel: https://www.youtube.com/watch?v=PIeIdX4aXas&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- 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/ #MarketDeviations #NegativeDivergence #MarketCorrection #Gold #Yields #Treasuries #Bitcoin #RiskManagement #Gold #Oil #Yields #20DMA #50DMA #100DMA #200DMA #InvestingAdvice #Money #Investing

Moving averages are like gravity, and higher the markets climb, the stronger the pull back down to the average: Correction is inevitable.
Catch Lance Roberts' latest Before the Bell Report on our YouTube channel now:
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#MarketDeviations #NegativeDivergence #MarketCorrection