Bullish Things About Markets Right Now

(2/17/22) Markets rallied off their lows following yesterday's release of the FOMC meeting minutes, suggesting the Fed may not begin tapering its balance sheet (translation: turning off the liquidity spigot) until later this year. Markets closed about the 20-DMA, setting up to rally to the 50-DMA today. Markets are opening weaker today over geopolitical concerns (translation: Russia), but have been developing a bullish trend after re-testing lows in January, setting up a series of rising bottoms. A well-defined downtrend in the markets is creating a wedge, putting pressure on prices. A breakout to the upside would suggest a counter-trend rally, but a break below could also set up a decline. We're not out of the woods yet--keeping some hedges in place would be prudent. Are we about to move into the Great Bull Market of 2002? Not necessarily, but markets are starting to incorporate what they expect the Fed to in March. Current trends have clearly identified some breakout patterns--to the upside, as well as the downside. So, despite distractions from interest rates, inflation, Russia, and the Fed, markets have been holding up remarkably well...another sign of bullishness. Presented by RIA Advisors Chief Investment Strategist, Lance Roberts -------- Get more info & commentary: https://realinvestmentadvice.com/news... -------- Watch the video version of this report by subscribing to our YouTube channel: https://www.youtube.com/watch?v=iHiR1w7Xupk&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestme... https://www.linkedin.com/in/realinves... #FOMCmeeting #InterestRates #Russia #Inflation #Bullish #Markets #Money #Investing