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

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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