Is The Worst Now Behind Us? | Lance Roberts & Adam Taggart

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Apr 19, 2025

Lance Roberts, a portfolio manager and chief investment strategist at RIA Advisors, shares his insights on the financial markets. He believes we are witnessing a bottoming process, with negative risks mostly priced in. Topics include cautious investment strategies amid volatility, the impact of affluent consumers on retail, and the dynamics of the gold market as a hedge. Lance discusses the potential for market recovery by fall, the importance of adapting to evolving conditions, and the balance of risk management in uncertain times.

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INSIGHT

Bond Market Liquidity Crisis Insights

The recent spike in bond yields was driven by a liquidity crisis tied to tariff uncertainties, not economic or inflation concerns.
This volatility seems contained but will take time to fully resolve as yields refocus on economic fundamentals.

INSIGHT

Dollar Dynamics Affect Reserves

Foreign reserves are largely held in US dollars but currency depreciation and declining asset prices cause reserve withdrawals.
This extraction reverses when the dollar strengthens, bringing money flows back into US assets.

INSIGHT

Beware Changing Investment Narratives

Investment narratives often reflect what people want to sell rather than objective truth.
Be ready to change narratives and reallocate as market conditions shift to manage risk effectively.

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As Felix Zulauf also assesses, Lance Roberts thinks the markets are in a bottoming process.In his estimation, the majority of the negative risks (e.g. tariff uncertainty, slowing economic growth, weakening consumer) are already priced in to stocks and bonds. While he expects markets will likely remain volatile over the next few months and could retest the recent lows, he doesn't expect material new lows. And in the latter half of the year, markets will start pricing in better times ahead.We discuss the reasons why, as well as his latest views on the Administration's policies, bonds and gold. Lance also shares his firm's latest trades.For everything that mattered to markets this week, watch this video.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com_____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2025 Thoughtful Money LLC. All rights reserved.