Thoughtful Money with Adam Taggart

Portfolio manager Lance Roberts believes the Santa Claus rally may have already happened or if it does occur, it will be mild. He discusses reducing long exposure and preparing for a pullback. The strong correlation between financial asset prices and net liquidity is also explored. The podcast delves into the odds of recession risk which experts are divided on. Wall Street and financial media's influence on investor perceptions is discussed along with navigating market valuations. The decline in favorability of capitalism among millennials and Gen Z is explored, as well as a memorable encounter with Warren Buffett. Pursuing passion and putting in the work for success is emphasized.

Danielle DiMartino Booth, an economic expert and commentator, discusses the Lag Effect and its impact on the economy in 2024. They analyze the global economy, rising unemployment rates, and the bond market rally. The podcast delves into the Federal Reserve's actions, disinflation, and potential deflation. It also explores concerns in the commercial real estate market and the role of the reverse repo facility. The chapter concludes by discussing the depletion of the facility and the benefits of allowing natural market forces to take over.

Economist and financial analyst Wolf Richter discusses the contrasting narratives about the economy, expressing concerns about overvaluation and warning of a recession next year. He assesses the global economy, highlighting the divergence between the strong US economy and weaker economies in other regions. They discuss positive trends in construction spending and per capita income, delinquency rates in the subprime sector, expectations for bond yields, gold and commodities as long-term investments, and the importance of staying fit and healthy.

Macro analyst Michael Pento shares his insights on the delayed recession, rising debt, and indicators pointing to an imminent bear market. He emphasizes the importance of professional money management and advises caution against mainstream financial media. The significance of including gold miners and options in a portfolio is also discussed, along with the active management of option positions and the importance of financial advisors.

Guest Lance Roberts, a portfolio manager, warns of a near-term selloff in overbought stocks and bonds. He discusses rising asset prices, which contradict the Fed's tightening efforts, and explains how liquidity is making it harder to control inflation. They also talk about market outlook for 2024, bonds, recent trades, and risk mitigation for investors.

Financial analyst Lyn Alden, former Fed advisor Danielle DiMartino Booth, economist James Rickards, and real estate investor Russ Gray discuss the future of money. They challenge common assumptions about money, explore the importance of income and stability in investing, discuss inflation and its causes, and analyze bank credits, collateral demand, and exchange rates. They also examine the likelihood of a recession in 2024 and discuss the battle between top-down and bottom-up currencies in the digitized world of money.

Commodities expert Simon Hunt discusses his prediction of a worldwide depression by 2025 due to global unserviceable debt and the impact of positive and negative economic indicators. They also explore geopolitical tensions and potential conflicts, analyze bond performance and yield predictions, and debate owning physical commodities vs shares. The host wraps up the conversation by promoting their work and providing updates on 'thoughtful money'.

Ted Oakley, financial advisor with over 40 years experience, predicts the worst part of the bear market will occur in 1st half of 2024. They discuss the impact of stimulus and low interest rates, private debt market troubles, Warren Buffett's investment strategy, potential mega trends for the 2030s, outlook on stocks and concerns about debt, portfolio positioning and investment strategy, and the relationship between wealth and happiness.

To learn what's in store for this new Thoughtful Money channel, SUBSCRIBE FOR FREE to Adam's new Substack at https://adamtaggart.substack.com/In this week's market recap, portfolio manager Lance Roberts reiterates his call for a near-term pullback in both stocks in bonds, as both look overbought given how quickly prices for both have recently risen. After the pullback, which he expects sometime between now & mid-Dec, Lance thinks it's more likely than not that stocks power to new highs by the end of the year. How they'll perform in 2024, though, is a totally different story... Lance and Adam also discuss oil, the US dollar, Bitcoin and the latest recession odds. They also review the wisdom of many of today's most successful living investors, who warn that most retail investors underperform due either to poorly assessing risk and/or letting their emotions drive their decision-making. To read the article by Lance cited during this discussion, go to: https://realinvestmentadvice.com/speculator-or-investor-whats-the-difference/ Lance also shares his trades for the week. #stocks #bonds #investing

When the game changes, the old rules don't apply and to succeed, you need to adopt a new playbook. Well, there's a good argument to be made that the investing gameboard has materially changed in the post-COVID era. But so far, both Wall Street and regular investors are still playing by the old rules. Is this a recipe for disaster? To find out, we have the good fortune today to hear from Jesse Fedler, founder & Editor of The Felder Report, a highly respected market research firm. He written a lot lately on the "sea change" the economy and financial markets have recently experienced. We'll ask him what the biggest implications will be & how investors should adapt to them. Follow Jesse at https://thefelderreport.com/ or on X/Twitter at @jessefelder To learn what's in store for this new Thoughtful Money channel, SUBSCRIBE FOR FREE to Adam's new Substack at https://adamtaggart.substack.com/ #recession #interestrates #techstocks