Markets Are Primed to Reach 5k (2/6/24)

(2/6/24) Markets sold off slightly yesterday, but remain withing striking distance of 5,000 on the S&P. We believe markets will achieve that level before the current rally is over. At this point, it's all about gravitational pull and the psychological draw of big, round numbers. Once markets get there, be prepared for a sell-off. Meanwhile, the expectation of rate cuts had spawned a rally in yields. Now that the Fed has walked-back on that idea, yield action has reversed, bond prices are rising, and the 10-year Treasuries are sitting right on support. Bonds are oversold enough that there is room for an upside rally. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton ------- Register for our next Candid Coffee: "Five Money Habits of Unhappy Couples," Saturday, February 24, 2024: https://streamyard.com/watch/TJz2bu2Xn9Hu --------  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=ppqQMesMbqs&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&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 #SP50000 #MarketRally #BondYield #BondPrices  #MovingAverage #Markets #Money #Investing