6-20-24 Will the Fed Cut Rates Sooner?

The Real Investment Show Podcast

National housing numbers and home builders' sentiment have been dropping of late, particularly in new home sales, which have been very weak. Initial Jobless Claims are expected to continue to click up. Rising unemployment could entice the Fed to cut rates sooner. One of the dichotomies we've been watching is market breadth, with the number of stock trading above their 50-DMA declining despite the markets' rise; the number of stocks climbing above their 200-DMA is declining, even though the market is rising. One of the biggest gaps, which hasn't been seen since the financial crisis, is the differential between the S&P 500 and the Equal-weighted Index. RSP, the ETF for the Equal-weighted Index, is pretty stark. While the S&P has been setting repeated, all-time highs, the RSP has really gone nowhere since about April. The rally since then has been conducted by just a handful of tech stocks. This level of under-performance in the equal-weighted index goes back to October of 2022, and the gap now is by about 50%. It's all about the differential in weightings in the indexes. This can not last indefinitely, and eventually this performance will reverse. 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=Qj2P5gV5qZk&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- 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/ #HousingMarket #Unemployment #JoblessClaims #FederalReserve #InterestRateCuts #MarketCorrection #ExtremeDeviation #NarrowBreadth #20DMA #50DMA #200DMA #RSP #SP500 #InvestingAdvice #Money #Investing