Thoughtful Money with Adam Taggart

Stocks are currently at record levels of euphoria as measured by the Euphoriaometer (yes, such a thing exists!) While he still expects a Santa Claus rally into year end, between now and then, portfolio manager Lance Roberts thinks there's good probability of a short-term pullback. We discuss the reasons for that, as well as current technical indicators for the S&P, market sentiment, the latest Payrolls data, the risk of a much larger market correction in 2025, as well as Lance's latest trades. For everything that mattered to markets this week, watch this Market Recap. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com #bullmarket #marketcorrection #jobsreport --- Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support

Stocks are on track to end 2024 on a high note. The S&P is up roughly 27% so far, hitting new record highs all throughout the year. Will the party continue into the New Year? Or will 2025 be a less enjoyable one for investors? To find out, we're fortunate today to talk with money manager Michael Pento. president of Pento Portfolio Strategies. He maintains a 20-point model that guides his portfolio allocation, and today we'll hear what it's advising him to do right now. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com --- Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support

Asset prices bubbles follow a predictable trajectory, driven by investor psychology. The final stage before the bursting is a Euphoric peak. The financial advisors at New Harbor Financial think we're on our way to such a blow-off top, but we're not quite there yet. They expect the action to get even more manic before we do. If Euphoria indeed arrives, prices will likely zoom to highs that just seem silly right now. Prepare yourself for this: you will not believe what your eyes are telling you. But also prepare for this peak to be very short-lived. Be very cautious about getting sucked in, because the gains will likely evaporate quickly once the downcycle begins. This is why bubbles are so destructive to so many people -- especially those who go "all in" at the top. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com #bullmarket #stockcrash #bubble --- Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support

By many measures, stocks are richly valued. And by measures like the Buffett Indicator, they're the most overvalued they've EVER been. Does that strongly suggest a downwards market correction lies in store for 2025? Or is there a good reason that "this time is truly different" and a new bull era for stocks awaits? To discuss, we're fortunate to welcome to the program market analyst Henrik Zeberg, publisher of the Zeberg Report. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com --- Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support

Credit spreads are about the tightest they've ever been in history. High yield (aka "junk") debt is priced at very low premium to US Treasury debt, the safest asset in the world That says the bond market is just not worried about risk. So either, "everything truly is awesome"...or the market is mis-pricing risk here, perhaps dangerously so. Whether or not that's the case, it's highly unlikely those expecting a material downwards market correction will see one until credit spreads start widening. Which is why monitoring them closely is such a high priority. Portfolio manager Lance Roberts and I discuss the importance of credit spreads, the new inflation & jobs data, bond yields, the latest technical analysis for stocks, as well as Lance's firm's recent trades. For everything that mattered to markets this week, watch this Weekly Recap. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com #creditspreads #inflation #interestrates --- Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support

The last time today's expert was on the program back in July, she was concerned about rising unemployment. Is she still as worried about it as we prepare to enter a new year with a new Administration taking over? To find out, we have the good fortune to talk today with Dr Anna Wong, Chief U.S. Economist for Bloomberg Economics. Prior to her current role, Anna also worked at the Federal Reserve Board, the White House Council of Economics Advisers, and the U.S. Treasury. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com #unemployment #jobs #economy --- Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com Well, America has a new President-Elect with a very different economic plan than the departing administration's. What new policies should we expect when Donald Trump returns to the White House? And what ramifications should we expect for the US economy and financial markets? I can think of few better people to hear from on this topic than today's guest, who is one of the key economic advisors to President Elect Trump Today, we're fortunate to welcome back to the program economist Dr Arthur Laffer. He was the first to hold the title of Chief Economist at the Office of Management and Budget in the early 1970s. He then later served as a member of President Reagan's Economic Policy Advisory Board. He's perhaps best known for developing the Laffer curve, a model for determining the optimal balance between tax revenues and economic growth. --- Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support

SCHEDULE YOUR FREE YEAR END PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com At the end of every year, there’s a list of prudent steps to consider that can make a big positive difference to your financial prospects — but only if you take them before January 1st arrives. If 2024 was a good year to your portfolio, don’t fumble your success right at the goal line by failing to take the right measures. Or if your wealth goals didn’t go according to plan this year, then do everything you can to increase the odds for a better performance in 2025. From tax loss harvesting to portfolio rebalancing to maximizing your retirement contributions, there’s a substantial number of smart tactics you should look into taking now — while you still have time. A top challenge regular investors have with year-end planning is that it sneaks up on them. The winter holidays arrive before you know it and then…a lot of these steps just don’t get taken. Which is a shame, because a little prudent attention on these today can result in outsized benefits in the future. Another challenge is that many investors just simply don’t know the right year-end planning steps to take, or how to take them. In today's video, we sit down with Richard Rosso and Danny Ratliff, the financial planning experts at Real Investment Advice (Lance Roberts' firm) for a deep dive into these end-of-year best practices. --- Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support

While stocks have been choppy the 20 Day Moving Average has been acting as solid support. If it indeed holds and stocks rebound, the rising uptrend will remain intact and S&P 6200 becomes a real possibility by the end of December. That would indeed make for a jolly "Santa Claus rally". Portfolio manager Lance Roberts and I discuss the odds of this happening, as well as year end portfolio planning strategies, Bitcoin, the perverse incentive driving today's financial system, and Lance's firm's latest trades. For everything that mattered to markets this week, watch this new Weekly Market Recap. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com --- Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support

The markets are locked in a battle of dangerous extremes vs high complacency. Yes, there are many reasons to be concerned about today's record high valuations. But those concerns haven't mattered yet. And there's no guarantee they will on any relevant time frame to today's investors. And so the party in stocks continues on...for now. In today's interview, macro analyst Grant Williams discusses how we've reached this point: we debauched the value of money. And in doing so, we re-focused the goal of every company towards boosting the stock price, and away from creating sustainable value. How long can this continue before the markets reprice, downwards, to valuations that can be sustained by fundamentals? This is THE existential question facing investors today, Grant posits. Your financial well-bring will be determined by the choice you make here. For one of the more important discussions you'll hear on investing this year, watch this interview with the great Grant Williams. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com --- Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support