Odds Of Stocks Recovering To Hit New Highs Increasing | Lance Roberts

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Feb 21, 2026

Lance Roberts, a portfolio manager and macro-focused investment commentator, shares market technicals and strategy. He discusses how moving averages and sector rotation could support higher prices. They cover tariff rulings, recent GDP and PCE data, private credit risks, and why some SaaS names may offer durable value.

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INSIGHT

Bifurcated Market Needs Big-Sector Rotation

The market is bifurcated: small sectors (staples, energy, materials) outperformed while large-weight tech and financials lag.
Broad market gains need rotation back into the largest sectors, not just narrow sector rallies.

INSIGHT

AI Won’t Instantly Replace Embedded SaaS Moats

Many software-as-a-service companies have deep, entrenched moats and integration that won't be replaced overnight by AI.
Cheap valuations in quality SaaS names can offer compelling entry points despite AI disruption fears.

INSIGHT

Private Credit Hides Liquidity And Valuation Risk

Private credit/private equity lack transparency and liquidity; reported NAVs can mask true realizable values until forced sales occur.
Redemption gates sometimes protect remaining investors, but they also signal underlying valuation stress.

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While stocks have been stuck in a trading range for months, it has given their Daily Moving Averages time to catch up and for oversold levels to burn off.Technically, this should provide current prices with stronger support to move higher from -- especially if capital starts rotating back into the battered software and AI sectors.Portfolio manager Lance Roberts and I discuss the odds for this, as well as the new Supreme Court decision against tariffs, the latest GDP growth and PCE inflation data, mounting signs of concern in private credit, as well as Lance's firm's latest trades.For everything that mattered to markets this week, watch this video.Get Lance's 10 Immutable Laws Of Building Wealth at https://realinvestmentadvice.com/resources/blog/money-the-10-immutable-laws-of-building-wealth/

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