by Lance Roberts
Real Investment Advice
I have written previously about being stuck in a trading range.
“Over the past couple of months, we have continued to drift from one economic report, or Central Bank meeting, to the next. Each report and meeting have continued to leave market participants confused as to what is going to happen next.
Is the economy improving? Or not?
Will the Fed hike rates? Not?
The bulls and the bears have met at the crossroad. However, neither is ready to commit capital towards their inherent convictions. So, for 43-days, and counting, we remain range bound waiting for what is going to happen next.”
Chart updated to present: