(2/2/23) We were wondering Wedednesday whether the Fed would get hawkish, based on the easing of financial conditions in the markets; they wimped out and essentially said they're not worried about financial conditions in the short term: a complete shift from previous statements at Jackson Hole last Fall, and in December's meeting, as well. that gave markets a green light to rocket up into the close. The NASDAQ looks to be ahead another 1% after Meta's earnings last night, coupled with an announced $40-B share buyback program; buy backs continue to be the main driver of the market this year. The Buyback Index is well out-performing the S&P, so far. Markets continue to push upwards into over-bought conditions, the buy-signal weakening, however, and our money flow indicator is close to turning over. Be careful chasing the market, which is entering territory that's primed for a pullback and correction. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Articles mentioned in this report: "Recession Forecasts At Odds With Bullish Formations" https://realinvestmentadvice.com/recession-forecasts-at-odds-with-bullish-formations/ ------- 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=YAawFZBurrM&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&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/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #FederalReserve #FinancialConditions #Meta #Facebook #StockBuyBacks #GoldilocksMarket #Markets #Money #Investing