Weekly Market Recap: Is This A Garden-Variety Pullback Or Something More Worrisome?
Weekly Market Recap: Is This A Garden-Variety Pullback Or Something More Worrisome?
Lance Roberts returns to share his assessment of the market's shaky start to 2024
2024 has seen the worst start to the year for stocks in 20 years.
Is this just a natural pullback from overbought extremes, or is there something more worrisome afoot?
Portfolio manager Lance Roberts gives his answer in today's Weekly Market Recap.
We also discuss the new payroll report that beat expectations, as well as the different story that appears when looking "under the hood" at the component data.
And as usual, Lance also shares his most firm's most recent trades.
To watch the first Weekly Market Recap of this new year, click here or on the image below:
VIDEOS THIS WEEK
In case you haven’t yet seen them, here are the other videos that ran on the new Thoughtful Money channel this week:
Jim Rogers: Before It's All Over, We'll See Higher Inflation, Higher Rates & A Wicked Bear Market
Darius Dale: "I'm About As Bullish As I Can Possibly Be" Looking At The Next 3 Months
Expect Lower Oil Prices In The New Era Of Abundant Supply | Doomberg
TM NOW ON PODCAST PLAYERS
Just a reminder that if you prefer to listen to my interviews on your podcast player, Thoughtful Money is now available on the major podcast platforms:
I’m so grateful to everyone who has made their way to Thoughtful Money already, especially those of you who have kindly supported me by becoming a premium subscriber to this new Substack. It’s making an important difference in helping me afford the substantial startup costs of birthing this new venture.
Premium supporters now receive my “Adam’s Notes” summaries to interviews going forward (yes, they’re back!), plus periodic advance-viewing and/or exclusive content not made available to the public.
If you, too, would like to become a premium subscriber to this Substack (it’s only $15/mo - just $0.50/day), click on the button below :
But whether you do or not, get ready for another week of stellar interviews ahead. The coming week will see interviews with Stephanie Pomboy, Cem Karson, Lakshman Achuthan, and John Rubino.
Stay tuned!
cheers,
A
Regarding the discussion at the end:
Many symptoms described, and many fragmented solutions to address each symptom but the root issue is:
Society + the communities that make up our society + the individuals that make up the communities are now oriented towards mal-adaptive goals. We reap what we sow.
From a secular view: we decided that god was too implausible to exist and failed at defining our own functional values.. The values/goals that society + individuals are currently aligned to are mal-adaptive. Society is clearly fraying, fragmenting, becoming polarized. Organic communities have been replaced by transiant, often online pseudo-communities that replaced them, but do not have the same adaptive atributes: Not only do we not have our neighbours back, or do significant business with them, or hold them accoutnable in certain cases... we don't even know who they are anymore other than that they live in our proximity.
From a christian view: we have clearly deviated from how God's tells us how to live. For those that are interested: how it all plays out time and time again is also detailed in the old testament
A note regarding depression and lack of motivation in youth, as I believe you and Lance did not bring this up: They look at the later stages of the debt fueled ponzi they are supposed to step into: be a debt slave, effectively taxed >50%, not being able to afford a home ($700k+ for a detatched home in a tier 2 city here in western canada with on a $50-60k sallary for a young professional), not being able to afford having a family.... and they logically and tragically want none of it.
So they choose to live the stereotype: Van Life/Ski Bum (which was called homelessness / living in a van down by the river 25 years ago) or opt to play video games and do legalized or subsidized drugs (western canada has a tax funded safe supply program in place) in their parents basement. It is played out as the archetypal story popularized by Peter Pan. Whom do the youth choose to be? Wendy whom left never land, grows up and has a family? Or Peter Pan, whom remains as a child forever, as king of the lost boys. I believe most are choosing the later.
As a parent that is trying to orient my kids towards a funcitonal adulthood in a degen society, I appreciate that you brought up this topic with Lance.
I think thoughtful money is doing precisely that - albeit without the fellowship and danish after service but hopefully you’ll solve that sometime down the line.