What Does Market Breadth Tell Us? (6/6/23)

(6/6/23) The Service-based part of our economy represents 70%, and the ISM Service Index is on the cusp of correction, and indication of pending recession. Oil prices have sold off, and are under pressure; Gold prices are soft. Market Breadth is narrow (and why it matters); Why didn't Apple evening mention AI in Monday's Investor Day (coded-as "machine language")? Market growth of late has been fueled by AI-hype. UFO Whistleblower: We are not alone. Expectations or earnings never realized: NVDIA & AI: Price of entry for most companies is too high; opportunity for low-cost competitor to enter the fray. NVDIA cannot grow fast enough to sustain rate; cost of acquisition will fall. Overbought markets may be stuck until next catalyst; Jun Fed meeting? Any Fed rate cut is being pushed further and further back; timing of Recession. Growth has been declining, but is still positive. SEG-1: When Services Activity Weakens SEG-2: Why Market Breadth Matters SEG-3: Extraterrestrials & Market Expectations SEG-4: Will the Fed's June Meeting Be the Next Market Catalyst? Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel:   https://www.youtube.com/watch?v=05URMbQSNb4&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=5s -------- The latest installment of our new feature, Before the Bell | "Markets Overbought: Is Correction Near? " is here:  https://www.youtube.com/watch?v=VW29t5XPtRA&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 --------  Our previous show is here: "Anticipating the Fed: Will They Hike or Hold?" https://www.youtube.com/watch?v=tDtsyTYPldk&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=27s -------- Articles Mentioned in Today's Show: "Breadth Not As Strong As Advance-Decline Suggests" https://realinvestmentadvice.com/breadth-not-as-strong-as-advance-decline-suggests/ "Technical Review Of The Market: Bulls In Control" https://realinvestmentadvice.com/technical-review-of-the-market-bulls-in-cont