Thoughtful Money with Adam Taggart Does A "Lost Decade" For Stocks Lie Ahead? | New Harbor Financial
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Mar 8, 2026 
Mike Preston, lead partner and portfolio manager focused on downside protection. John Lodera, lead partner and market strategist specializing in tactical risk management. They debate headline-driven volatility, Iran-related market moves, bond and commodity reactions, narrow S&P ranges that could burst, valuation signals of weak long-term returns, sector rotation, AI hype risks, and how to balance offense and defense in portfolios.
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Silver's Sudden Crash Hurt Latecomers
- Mike Preston recalls silver's violent $20 intraday drop after initial war-driven spike that hurt late buyers.
- He warns investors who jumped in after headlines got 'really hurt' and stresses sizing positions to survive volatility.
Equal Weight Index Reveals Hidden Market Strength
- Cap-weighted indexes hide divergent internals; equal-weighted S&P shows broad strength while top megacaps drag the cap-weighted index.
- John Lodera highlights equal-weight S&P is materially higher while cap-weighted stalls because top 10 hold ~40%.
Buy Cheap OTM Puts For Tail Risk Hedging
- Use inexpensive out-of-the-money puts as tail-risk insurance to hedge equity exposure in a tight range.
- John Lodera says they bought puts keyed to ~6,500 S&P to hedge about one-third of equity exposure.