Thoughtful Money with Adam Taggart

Trillions in investor capital has been locked up in the "T-bill and Chill" trade for several years now. But will the Fed expected to cut rates materially over the next year, that trade is coming to an end. Where should all that capital consider going next? Portfolio manager Michael Lebowitz and I dive into this key question in this video. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVI...

The great engine of American success was built by generations of pioneers, entrepreneurs, scholars, soldiers and immigrants defined by their grit, strength and resilience. Contrast that indomitable spirit with today's generational cohort of special snowflakes who seek 'safe spaces', rush to 'cancel' any discomfiting realities, and demand desired outcomes without putting in the effort to achieve th...

2026 forward corporate earning estimates are the farthest they have ever been from historical averages. This makes a future downward revision a near-guarantee at this point; which will in turn force stocks to reprice downwards as well. So warns portfolio manager Lance Roberts. While he doesn't see much on the immediate radar to suggest the market is in any near-term trouble, he's concerned this lu...

Today, you're in for a real treat folks. We welcome back to the program one of my all-time favorite humans, Joel Salatin. Named "the most famous farmer in America", Joel has spent his career advocating for sustainable farming practices, and pioneering models that show how food can be grown & raised in ways that:- are regenerative to our topsoils- are more humane to livestock- pro...

When the precious metals enter into a bull market, the shares of the companies that mine them usually outperform the price gains of gold and silver -- sometimes wildly. Well, a precious metals bull market is currently underway and the mining shares are indeed starting to come to life. How much farther do they likely have to run? And when investing in precious metals mining companies, what should i...

In his appearance at Thoughtful Money's Spring online conference back in March, Michael Howell, founder & CEO of Crossborder Capital, warned of an oncoming liquidity air pocket. Which was why the market's subsequent plunge of nearly 20% in the following month wasn't a surprise to him. So, where does he see liquidity headed for the rest of 2025?To find out why, we'll sit down today with the man...

The market has been in a "bullish stampede" for an impressive while now. But with corporate earnings deviated by a record amount from their historic averages, extreme stock valuations, and now clear signs the economy is slowing, portfolio manager Lance Roberts sees the odds of a market correction -- and a recession -- rising. Is there a chance that correction began on Friday? Lance and I discuss t...

The initial Q2 2025 GDP growth number was just released and it beat expectations handily, coming in at a "strong" 3.0%But...when looking just a little bit beneath the surface, the data doesn't look as impressive as on first glance. For example, the biggest contributor by far to the "beat" was shrinking inventories relative to the massive Q1 pre-orders that were made as corp...

A few hours ago, the  Federal Reserve Open Market Committee  released the outcome of its meeting this week, keeping its policy rate unchanged (as expected) as well as the pace of its Quantitative Tightening program. And just a little while ago,  Fed Chair Jerome Powell  just wrapped up his press conference related to this release. The market’s reaction (so far) has been fairly negative, with the S...

The last time I interviewed today's guest was right after the stock market plunged 20% to its post-Liberation Day lows in April. Wall Street was stunned, as just a few months before, the market seemed unstoppable. Well, here we are three months later...and stocks have rocketed back to new highs. The fears that panicked investors so much back in April seem completely forgotten. What is going on...

Earlier this year the markets sold off rather violently on fears that President Trump's new tariffs would send global trade into a tailspin. Fast forward three months and stocks are back to all-time highs, even as it's becoming clearer that these tariffs, in some shape or form, are here to stay. Are tariffs not the grave mistake Wall Street originally thought they were? Or have investors s...

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com Despite stretched valuation levels and further signs that the consumer is struggling, stocks are partying on. Portfolio manager Lance Roberts sees stocks prices as having "detached from all the underlying economic data" at this point. Th...

With the US and nearly every other major G7 country engaging in historically high levels of deficit spending and increasingly struggling to service their massive sovereign debt balances -- how does this all resolve? Is there a path to a manageable ending here? Or does is debt crisis, or a currency crisis -- or both -- inevitable at this point? In attempt to answer these fiscally existential questi...

Analyst Stephanie Pomboy returns for her bi-weekly macro & market update. We discuss the continued strength in stocks, which are back to all-time highs — only three months after Wall Street’s violent sell-off due to fears of tariff repercussions. How sustainable is this current rally? We discuss that, as well as the grinding weight of “higher for longer” bond yields, the potential of the Presi...

The US is ramping up its issuance of Treasury debt. Today's expert is concerned that this form of "fiscal QE" will lead to a resurgence in inflation, higher bond yields, a risk asset sugar high, a weaker dollar...and quite possibly a development market bond crisis. To understand why, today we're fortunate to sit down with Simon White, Macro Strategist at Bloomberg and co-founder...

Over the course of his long and successful career, David Stockman has been both a Washington DC AND Wall Street insider. He was the youngest serving cabinet member of the 20th century (heading the Office of Management & Budget under Reagan), served as a US State Representative, and was an early member of Blackstone. So he knows better than most people alive how our political, economic and fina...

Stocks have risen so far so fast, and remain so overbought in the short term, that the risk of a correction in the near term is uncomfortably high. So warns portfolio manager Lance Roberts. He could easily see a pullback of 5-7% occur over the coming weeks. We discuss the odds of that, as well as bond yields, whether President Trump will actually fire Fed Chair Jerome Powell, the accelerating AI t...

When today's guest was last on this channel back in March, he warned that the stock market was at risk of a double-digit drop. He was soon validated as stocks then fell 20% over the next month. Since then, markets have rocketed back to new all-time highs. So what does his model tell us is likely to happen from here? To find out, we have the great good fortune to welcome money manager Michael P...

TO BUY GOLD & SILVER, contact Andy's firm at info@milesfranklin.comTo learn more about Glint, go to https://glintpay.comThe US Constitution clearly spells out that gold & silver -- and ONLY gold & silver -- are money. But trying using them to buy something. Or pay your taxes. Until very recently, you really couldn't. But now, an increasing number of US states have passed laws a...

With stocks back near all-time highs, capital is gushing into the US financial markets and investors are feeling exuberant again. Is all this bullish optimism justified? Today's guest, Chance Finucane, Chief Investment Officer of high net worth advisory firm Oxbow Advisors, takes a more cautious approach. In their recent market letter to their high net worth clients, Chance, along with Oxbow f...

Today's guest is best known for his HOPE framework, a highly effective way to measure the health of the economy, and tell whether it's getting stronger or weaker. As we enter the second half of 2025 -- with momentum stocks stumbling while the markets remain richly valued near all-time highs -- what does his framework tell us 2025 has in store? To find out, we have the good fortune to speak...

Investors appear just blind to risk at this point. Portfolio manager Lance Roberts says he hasn't seen this high degree of speculation in the markets since 1999.At some point, the chickens will likely come back to roost. But in the near term, the essential question investors need to address is: How much higher will the rally continue? Lance and I discuss the odds, as well as what to expect fro...

Well, now that President Trump has set into motion the main pillars of his economic policy -- trade reform, tax cuts and deregulation -- what should we expect from here? 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 Trump and his cabinet membersToday, we're fortunate to welcome back to the program economist Dr A...

Analyst Stephanie Pomboy returns for her bi-weekly macro & market update. We discuss the ongoing slowdown in consumer spending, the repercussions of stubbornly high bond yields, the impact of the latest tariff developments and the passage of the One Big Beautiful Bill, as well as where she thinks the economy is ultimately headed. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW wi...

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.comIn today's discussion we look at the all-important energy market. Remember, without energy, there is no economy. As we look to the future, where are global energy trends headed? How are the policies of the new Trump administration likely to imp...