Stocks Are Clearly Overpriced Now | Chance Finucane

"It's a different time now" in the markets

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 founder Ted Oakley, delivered the warning that "It's A Different Time Now" -- a time when the chickens may come home to roost after a period of distortion that has artificially and unsustainably goosed financial asset prices.

For the details, click here or on the video below:

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Adam’s Notes: Chance Finucane (recorded 7.14.25)

EXECUTIVE SUMMARY:

• Overvalued Markets Signal Caution: Chance Finucane warns that 400 high-quality companies tracked by Oxbow Advisors are at peak valuations, urging prudent equity selection with 4% risk-free Treasury yields as a safer alternative.

• Balanced Portfolio Strategy: Oxbow maintains ~50% of stock portfolios in T-bills, balancing defensive sectors (e.g., healthcare, staples) with high-quality cyclical stocks, and advocates commodities (gold, silver, energy) for diversification.

• Rebalancing Urgency: Record household stock ownership, especially among seniors (50-80), and global investors’ 64% U.S. equity allocation signal