Jim welcomes back legendary technician Ralph Acampora, Director Tactical Investments at Altaira Wealth Management. Ralph believes the current rally is getting overbought and is due for a correction, but he also sees this as more than just a bear market rally. He has changed his outlook, with the broadening of the rally to include the major averages, the emerging markets, oil, commodities and gold. Ralph noted that he believes both gold and oil have seen their lows. If the coming correction is tested successfully by not hitting new lows, Ralph sees a robust second half to the year in equities. Also in this segment, Ryan Puplava has this week’s Market Wrap-up, Rob Bernard discusses finding yield in a zero interest rate world, and Robert Rapier covers the energy markets with Jim.
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