Thoughtful Money with Adam Taggart

The market is over-extended, over-bought and over-leveraged warns portfolio manage Lance Roberts. That combination of conditions often results in more volatility and lower returns in the coming year, so he's looking at 2026 with a degree of caution. In this special Thanksgiving week Market Recap, we discuss his latest portfolio changes, the potential changing of the guard occurring in the AI s...

There are some big capital rotations underway right now in the stock market. In the AI trade, we're seeing capital start to flow from the biggest player, Nvidia, into Google. Is the baton being passed to a new lead stock for the sector? Time will tell. But it's starting to look that way. And we're also seeing capital move from the AI hyperscalers into other sectors -- like biotech and...

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.comAt the time of this recording, tensions are high between the US and Venezuela. American warships have been deployed off Venezuela's coast. Speculation of a US-driven regime change to oust Venezuelan president Nicolas Marudo is all over the head...

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.comLast week saw a big reversal that jarred Wall Street: after reporting yet-again blockbuster results and upgrading its forecast, Nvidia stock first rose 6%, then fell to close the day down -3%This dragged the major indices down with it, along with m...

Contagion has been the trend of the US housing market this year as rising inventory and weakening prices have spread to more and more metros. How bad has it become? Well, Zillow just revealed that it's data shows that 53% of all US homes lost value over the past 12 months, the most since 2012.As we're now poised to enter a new year, should we expect the situation to get better or worse? To...

The stock market experienced a massive reversal after Nvidia announced another blowout earnings report. Nvidia, the S&P and the Nasdaq all shot higher at first...but then gravity took over. On Thursday, Nvidia opened up nearly +6% but then fell to close the day down more than -3%. The major indices closed in the red, as well. Wall Street had pinned its hopes on Nvidia jump-starting the market...

Suddenly signs of systemic stress are cropping up all around us. In the public debt markets, credit spreads are on the rise after years of dormancy. In the private credit markets, defaults and counter party risk concerns have moved to the forefront. Volatility has returned to the stock market as doubts of AI spending sustainability mount. And worldwide, suspicions of fiat currency debasement are g...

Macro analyst Stephanie Pomboy returns to discuss rising market volatility, record gold & silver prices, concerning failures in the private credit industry & other signs of rising systemic stress. We talked about the growing stresses becoming increasingly evident in the AI ecosystem, private credit, sovereign debt (Japan), the jobs market, Bitcoin and elsewhere in society and the financial...

The freight industry has long been thought of the circulatory system of the economy. It's how the things bought & sold through commerce get from point A to point B in the real world. Historically, when trucking frieght loads diminish, it's usually correlated with a weakening economy. And if it gets bad enough, a recession. Today's guest is Craig Fuller of Freightwaves, price report...

When you're uncertain, they say to seek the counsel of those smarter than you. Well, amongst the many experts I interview on this channel, Michael Green is definitely in the top cohort intellectual horsepower-wise. Mike is portfolio manager & chief strategist at Simplify Asset Management which holds over $6 billion in client assets. And today, we'll tap his latest thinking on the stock...

Volatility returned to the stock market this week. Partly due to growing concerns about the sustainability of the AI spending boom. Partly due to further stresses building in the credit market. And also due to a growing shortfall of liquidity. Portfolio manager Michael Lebowitz and I discuss each of these in depth in this week's Market Recap. For everything that mattered to markets this week,...

WANT HELP INVESTING IN MINING STOCKS? SCHEDULE A FREE CONSULTATION with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.comPrecious metals mining company analyst Jeff Clark shares his top picks for gold & silver mining companies.#goldprice #silverprice #miningstocks _____________________________________________ Thoughtful Money LLC is a Registered Investment A...

TO BUY SILVER & GOLD, contact Andy's firm at info@milesfranklin.comThe precious metals appear to have recovered from their recent pullback as gold futures vaulted over $4,200/oz today while silver futures surpassed $53/oz. So, is the precious metals rally back on? I asked this question to Andy Schectman in today’s livestream. He think it very well may be. We discuss this plus a host of oth...

I always say the most valuable people to interview are capital allocators, because they have to answer to their clients for their market calls. They are judged not by their opinions, but by their results. Today, we're fortunate to hear from one of the most-respected capital management firms in the world: Grantham, Mayo, Van Otterloo -- which was co-founded by the great investor Jeremey Grantha...

In 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 is the AI race and its voracious need for cheap electrons changing the game? And where are the best opportunities for investors likely to lie? To discuss in depth, we're fortunate to sit down with the green chi...

There are now such a host of reasons to have concern for both the economy & markets heading into 2026, that the Wall Street euphoria is starting to wear off. The headwinds are building, cautions Lance Roberts. Slowing growth, unrealistic earnings expectations and historically-high valuations are all good reasons to worry. Lance and I discuss his outlook heading into 2026, as well as this week&...

Dollar Milkshake Theory creator, Brent Johnson sits down with me at the New Orleans Investment Conference to offer a detailed look into the rise and future role of USD stablecoins, which are being heartily embraced by the Trump Administration. Why exactly? In short, Brent sees the new stablecoin strategy as not just a means to soak up the $trillions in Treasury bonds that the US government will is...

Wall Street's fears of Trump's tariffs and trade wars are greatly diminished these days -- at least by the stock market which has been flirting with new highs of late. Now that we're nearing the end of the year and a resurgence in inflation hasn't materialized, and new trade deals have been or are being finalized with many of America's largest trading partners -- including Chin...

In this latest monthly outlook from the advisors at New Harbor Financial, John and Mike discuss investing in a world of nosebleed valuations levels during a time when the Fed is cutting rates. This doesn't happen often. What makes more sense: Ride the current party until it ends? Or play it safe and leave it early? We also discuss whether the gold trade is over, or just taking a breather befor...

Stock valuations are the most deviated they've ever been from long-term trendlines in history. Above even 1929.But Wall Street doesn't care. The bull rally marches on, and looks poised to continue through the end of the year. But how long can this record deviation sustain? And what will the repercussions be if it doesn't? Portfolio manager Lance Roberts and I discuss these key question...

As of the recording of this video, the S&P 500 index is trading at a new all-time high, within less than 100 points of the big round 7,000 milestone. And Nvidia just became the first $5 trillion market cap company in history. So the bull market in stocks appears to be doing just fine -- despite the skeptic's worries that current valuations are far too high when compared to fundamentals. Wi...

On this channel we spend most of our time talking about the economy, markets and money. Which are all very important -- no doubt -- but they exist in service to society. If society reaches a point where it starts unraveling, then our portfolios start to matter a lot less when compared to safety & survival. Today's guest expert is Peter Turchin, Project Leader for Social Complexity and Coll...

It's easy to feel confused these days. With the stock market at all-time highs, some analysts predict this bull market has a lot longer to run as the busiiness-friendly policies of the new Administration start adding tailwinds to the economy. Others see economic growth as imbalanced, at best, and worry that overall the trend for 2026 is downwards, risking recession and a material market correc...

Have markets now made it safely through the seasonal risk of October? Portfolio manager Michael Lebowitz thinks they likely have, barring some surprise curveball. Which is why, should conditions remain steady, Michael sees stocks trending higher into year end. He and I discuss why, as well as inflation, housing, recession risk, bond yields, gold and the recent sports betting scandal, as well as hi...

When today's guest was last on this channel back in July, he warned that a 'triumvirate" of three massive asset price bubbles -- in credit, real estate and stocks -- threatened to take down our fragile economy and dash the retirement hopes for millions. Since then, the bubbles have only expanded. Will they expand further -- or pop -- in 2026?To find out, we have the great good fortune...