Weekly Market Recap: Short-Term Pullback Likely
Both stocks & bonds look overbought in the near term
Boy, it is nice to be back in a routine on the weekly market recaps with portfolio manager Lance Roberts.
In this week's one, Lance reiterates his call for a near-term pullback in both stocks and bonds, as both look overbought given how quickly prices for both have recently risen.
After the pullback, which he expects sometime between now & mid-Dec, Lance thinks it's more likely than not that stocks will power to new highs by the end of the year.
How they'll perform in 2024, though, is a totally different story...
He and I also discuss oil, the US dollar, Bitcoin and the latest recession odds. We then take a romp through the wisdom of many of today's most successful living investors, who warn that most retail investors underperform due either to poorly assessing risk and/or letting their emotions drive their decision-making.
And as always, Lance ends by sharing his recent trading activity.
To watch this week’s market recap, 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:
Recession To Send Interest Rates Even Higher In 2024? | Jesse Felder
Debate On The US Dollar: Will It Soar Or Sink From Here? | Brent Johnson vs Matthew Piepenburg
2024 "Going To Be A Lot Worse" For Markets As Tech Stocks Implode | Fred Hickey
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:
And the momentum Thoughtful Money has had on these platforms is nothing short of breathtaking. Earlier this week, this brand-new channel ranked as the #3 Investing podcast on Apple Podcasts!
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.
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But whether you do or not, get ready for another week of stellar interviews ahead. The coming week will see interviews with Ted Oakley, Michael Pento, and a panel discussion on “The Future of Money” with Lyn Alden, Danielle DiMartino Booth, James Rickards & Russ Gray.
Stay tuned!
cheers,
A
Congrats on the success! And your guest lineup is amazing as expected. Good to have Lance back but I'm really, really hoping you are able to continue to talk frequently with Mike and John from New Harbor.
Soon to be number 1! Adam and Grant Williams (far more expensive) are the best available