(2/6/23) Markets have been a hot air balloon, not too unlike the Chinese "weather" balloon shot down over the weekend: The S&P is ahead 7.7% for the year, the NASDAQ up 14.7%! With markets this over-bought, a selloff at this point would be no surprise. This would be a good time to take some profits. Fundamentals do not support this rapid rise in the markets, which have been primarily a FOMO chase for investors hoping the Fed is going to stop hiking rates. Markets are now pricing-in two additional rate hikes for 2023. 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=to8exkU-sMw&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1&t=6s ------- Visit our Site: 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/ #InvestingAdvice #FederalReserve #ChineseBalloon #InterestRates #FOMO #Markets #Money #Investing