Markets are at critical 50-day SMA
Chris joins Moe Ansari on Market Wrap with Moe to discuss the markets (starting at Minute 24:00). Moe and Chris suggest the markets are in a very strange place – the technicals and fundamentals seem totally disconnected. The technical trend for the market remains upward, although we are likely in bubble territory, caused by Fed intervention and Robinhooders. Bubbles can go on for years, so even though prices are high the trend remains your friend. Stay alert – be cautious – and always revisit your trading strategy when markets are changing rapidly.