Thoughtful Money with Adam Taggart

By many calculations, the stock market has returned to rich valuations. Following one of the best Novembers in market history and now juiced by fresh optimism for rate cuts -- now 3 of them -- in 2024, how valid are concerns that stocks are becoming increasingly overpriced and a pullback is warranted? To find out, we have the good fortune to talk today with Cameron Dawson Chief Investment Officer...

In my recent interview with Felix Zulauf he mentioned that we are shifting from a unipolar world order into a multipolar world dis-order. The majority of folks who watch this Thoughtful Money channel are primarily from the US, Europe and Australia, so to provide a perspective from a point of view outside of the West, we're fortunate to hear from Michael Every, Global Strategist at Rabobank, wh...

Lance Robert's portfolio co-manager Michael Lebowitz kindly steps in this week while Lance is away. Like many, he was caught off guard by the Federal Reserve's surprisingly dovish guidance this week. There's not an obvious reason why the Fed changed its stance on interest rate cuts so swiftly. Just two weeks ago, Jerome Powell was saying that his committee was not even talking about ra...

Yesterday the Federal Reserve Market Committee announced it has chosen to keep the Federal Funds Rate steady for now, but when that changes, a rate cut is much more likely than a rate hike. In fact, the FOMC now expects it's probable it will cut rates three times in 2024. Following the release of this announcement, Fed Chair Jerome Powell held a press conference where he clarified the Fed'...

Bonds yields have weakened recently, making November the best month for global bonds since 2008 and for US bonds since 1985. Is this the start of a recovery in the bond market, which has been battered and bruised for the past 3 years running? Or, is this just a temporary reprieve? To find out, we have to good fortune to hear from bond expert Alf Peccatiello of The Macro Compass.  Alf sees inflatio...

As 2023 begins to draw to a close, investors are feeling substantially better than they were are the start of the year. And as we enter 2024 where is all this headed? Will today's asset prices shrug off the growing litany of macro concerns and power still higher in the new year? Or will 2024 see a return to the downside? I can't think of anyone better to ask these questions to than today&#...

With such a massive run-up in stocks and bonds in November, should we still expect a Santa Claus rally in the markets this month? Or did it already happen? Portfolio manager Lance Roberts thinks that may be the case, or if we do get one, it will be quite mild. Unless a pullback happens soon, which Lance thinks is quite possible. He's reducing his long exposure and waiting for a pullback at thi...

Many of the guests appearing on this program recently, though perhaps none more than I, have warned that the Lag Effect will eventually catch up with the economy. That the tighter monetary conditions, the higher cost of capital, the rising lending standards -- are all increasing the gravitational force pulling downwards on economic growth. That at some point, "something important, or multiple...

There are a lot of narratives flying around right now regarding the economy, the stock market, recession risk, jobs, inflation and what's going to happen next year. Given the recent 5%+ Q3 GDP print and one of the best Novembers on record for both stocks and bonds, bulls are back to saying "everything is awesome" again & 2024 will be a great year for making money Bears on the oth...

Like many, today's guest was quite concerned entering 2023 that a recession was all but inevitable. But it never showed up. As the year nears its end and a new one readies to begin, did we indeed dodge a bullet? Or has the recession only been delayed, now ready to make landfall in 2024, perhaps with even stronger destructive force than had it arrived sooner? For answers, we turn to the highly...

In this week's market recap, portfolio manager Lance Roberts warns that both stocks and bonds remain short-term overbought here and are likely to experience a near-term selloff. After that thought, he does expect stocks to rise again into the end of the month, perhaps making new highs for the year. He also notes that as asset prices rise, it loosens financial conditions which goes against the...

Recently, I was invited to host a panel discussion on “The Future of Money: at the New Orleans Investment Conference, which has a well-earned reputation for attracting the world’s foremost authorities on geopolitics, economics and investments. I’ve moderated this panel for several years running and, while the talent is elite, it has become a gathering of friendly peers who – with goodwill and resp...

The last time Simon Hunt was on this channel, he predicted a rocky road ahead for the global economy, that will eventually culminate in the massive pile of $trillions in global unserviceable debt going into default causing a worldwide depression by 2025. Since his last appearance, the markets have become a lot more optimistic, US Q3 GDP hit 4.9% and inflation has marching downwards to 3% -- all po...

Here at the end of 2023, confidence in the economy and the financial markets is a lot higher than it was at this time a year ago. Is that confidence justified? Or will 2024 deliver a rude awakening? To find out, we turn to the experience and wisdom of financial advisor Ted Oakley, managing partner & founder of Oxbow Advisors. Ted has over 40 years experience helping clients, mostly high net wo...

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...

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 Je...

In this video, we're witness to a "meeting of the minds" between two top monetary experts, who each will argue their predicted path for the US dollar from here. We're very fortunate to be joined by Brent Johnson, CEO of Santiago Capital and developer of The Dollar Milkshake Theory, which will serve as the foundation upon which today's discussion will be built. Serving as a co...

Heading into 2024, we may be witnessing a change in a number of trends. The October CPI numbers suggest inflation is moderating faster than expected. If that proves true, this may mean the Federal Reserve's aggressive campaign of hiking interest rates is over. And if that is true, the 3-year beating the bond market has suffered may be coming to an end. As for stocks, they've been powered h...

Yes, the Saturday weekly market reviews between Adam Taggart & Lance Roberts are back! In today's video, Lance shares his expectation that the rally in stocks will likely continue through year end, though he predicts a short-term selloff is both likely and welcome at this point. Bonds are starting to finally behave the way he has been forecasting for the past several months. He expects the...

The world has watched intently as the world's most influential central bank, the Federal Reserve, has implemented the most aggressive interest rate hike campaign in history -- on a % change over time basis. But that campaign may now be over. And if it is, it suggests opportunity in the long Treasury bond market. To find out just how much of an opportunity, we sit down today with highly-respect...

Macro & markets expert Dr Marc Faber returns for Part 2 of this interview to explain his concerns why he sees democracy increasingly under threat around the world -- and mostly from within. Sadly, he expects geopolitical competition, government overreach, and the diminished prospects of the masses to result in increasing deterioration of our democratic system. Social unrest and/or war may be t...

Macro & markets expert Dr Marc Faber predicts that the "heavenly" returns the financial markets have delivered over the past 20+ years are now a relic of history. Going forward he expects a much more "disappointing" environment for investors over the coming decade. He warns this will happen at a time when the world will also see weakening economic growth, rising geopolitica...

Michael Spence, recipient of the Nobel Memorial Prize in Economic Sciences, sits down with Thoughtful Money host Adam Taggart to discuss the findings of his new book "Permacrisis: A Plan to Fix a Fractured World" which he co-authored with Mohamed El-Erian & Gordon Brown. Spence explains how at the heart of today’s "permacrisis" are broken approaches to growth, economic mana...