Rising Bottoms & Declining Tops (9/13/23)

(9/13/23) Markets rallied into Apple's iPhone reveal, and then sold off. The wedge pattern of rising bottoms and declining tops is becoming more pronounced and more compressed, and prices are going to have to make a move out of this tighter range fairly soon. The question is, what will be the trigger? Headline Core Inflation was expected to print at .6% year over year (it did), but month over month inflation increased at a 3.7% rate vs the expected 3.6%. These numbers could lead to a decline of as much as 1.5% in the S&P today. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel: https://www.youtube.com/watch?v=DK_yt7qpT20&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Register for our next Candid Coffee: https://us06web.zoom.us/webinar/register/3016835714782/WN_zCk25t5QThq7CG5NHH4UIg ------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #CPI #Inflation #PriceCompression #Markets #Money #Investing