5-1-24 The Normality of a 10% Correction

Markets came off support at the 100-DMA, rallied to the 50-DMA and failed in a first test of resistance. No dramatic surprise. The important thing now is to hold support at the 100-DMA. The month of April was somewhat weak, and historically, that leads to a stronger May; we'll see if that plays out because May tends to be a weaker-performing month, particularly during Presidential Election Years. There is potential for this correction to drag out, and the risk is the extreme deviation which remains at the 200-DMA at around 4,700. There is another 5% decline needed to get down to that level. Peak-to-trough, that would encompass a 10% correction that we've been talking about. And that would be completely normal. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=wxwEhInc7QM&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- REGISTER for our next Lunch & Learn: "Transitioning to Medicare" https://realinvestmentadvice.com/evrplus_registration/?action=evrplusegister&event_id=49 ------- Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- 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/ #MarketCorrection #FederalReserve #MarketPullback #InterestRates #HawkishFed #20DMA #50DMA #100-DMA #InvestingAdvice #Money #Investing