Expect At Least Two Market Corrections In 2026 | Lance Roberts

**Adam Taggart** (0:00)
You're about to make a trade, which you do listen to?

**Lance Roberts** (0:03)
Is it get optioning those options?

**Adam Taggart** (0:07)
Or let's do a little research. Learn more at finra.org/tradesmart.

**Lance Roberts** (0:15)
There's some room for this market to get some legs underneath it. But we've got some work to do. First of all, we've had basically eight straight months in a row where markets have been positive, that's a very long stretch.
So having a month or two where you get some consolidation or a bit of a contraction even would not be surprising at all. Say the last half of this month, we have a 3% to 5% correction for whatever reason. That would be totally unsurprising given this massive run we had from those April lows. You should expect probably this year in 2026, at least two 5% corrections and probably a 10% sometime this summer would not be surprising at all.

**Adam Taggart** (1:03)
Welcome to Thoughtful Money. I'm Thoughtful Money Founder and your host, Adam Taggart, welcoming you here at the end of the week for another weekly market recap with my good friend, the Dunn and Dusted Portfolio Manager, Lance Roberts. Lance, how are you doing?

**Lance Roberts** (1:16)
I'm doing good. Very excited. Next week, of course, when we're having this conversation on air, you and I will actually be in Houston for our investment conference. So we've got one week left. We've got a few tickets left available on the website. So if you go to realinvestmentadvice.com, click on the link at the top of the page and get your ticket. Love to see you here. We've got time to visit. Adam and I both will have plenty of time to visit, hang out, talk after the conference. So if you haven't got your ticket yet, be sure and do it. It'll be a really good conference.

**Adam Taggart** (1:48)
Yeah, it should be really fun. Looking forward to doing this market recap with you live next week in front of your live audience. So folks, if you're watching and able to get to Houston next week, please join us. It's going to be a great time. So Lance, I chose Done and Dusted because your wife's chemo treatments are now behind her, correct?

**Lance Roberts** (2:07)
Exactly. Yes. Very excited. All the blood work has come back exceptionally good. So her CA125 is down below 10 Now it's at 9, which is one of the tests. Normal ranges are up from like to 30 So she's well into normal ranges, which is fantastic. I told you about the Singularity Test, which showed no evidence of disease. So she's done really good. She's just recovering now. The last chemo was Friday, so she's just now starting to get past the nausea of that. But she's very excited. She's starting to grow back here. So she's very excited about that.

**Adam Taggart** (2:48)
All right. Well, look, we are super excited for her and for you that the news appears to be developing so nicely. I know you're not out of the woods for years until they clear you, but how fantastic that things have been going the direction they have been in. So wonderful. And I really look forward to giving her thanks from everybody from Thoughtful Money in person at the conference next week.

**Lance Roberts** (3:13)
She'll be there Friday night for sure for the mixer. So she's looking forward to seeing it.

**Adam Taggart** (3:17)
All right, fantastic. Well, and Ashley, my wife is coming too. So she's looking forward to meeting her in person as well. All right. Well, look, lots to get through and not a lot of time. Lance has got to get out of here for another checkup with the doctors there. So we'll get you out on time here, Lance. A lot to cram in here. Hopefully a rant that might not even be a short one. So we'll see if we can't get it all in and if not, we'll make changes on the fly.
First off, folks, forgive me if I look a little peaked. I got in real late last night investing in one of the most important things, which is your social capital, your community. As folks know, I moved to Reno this year and got invited to my first guy's poker night last night and didn't crawl back into the house until quite late. So I'm recovering from that. What I did learn most from this, Lance, besides that there are some really great guys, I hadn't yet met, that I got a chance to spend time with last night. But as you learn during events like this, the power of alcohol and luck is just amazing. As folks know, I don't drink, so I have no excuse for performing poorly in things like poker. But the guy that just cleaned the table, Lance, just got drunker and drunker through the night. And he started, yeah, he started amassing so many chips, he could kind of push people around. But he got to the point pretty early on where he wasn't even checking his cards. You know, playing Texas Hold'em so you get delivered, dealt two cards right at the beginning. His big thing became like, I'm just going to bet that I'm not even going to look at my cards. And this bastard just kept winning again and again and again. I kept waiting for a version of the mean to kick in, for the alcohol to really kick in. And this guy just cleaned the table until his wife came and took him. And then we devoured up all his chips because he had all the chips at that point in time. So anyways, it's always a caution of, if you're sitting at the table and you're feeling like the Patsy, you probably are, and I definitely was last night. All right. So lots to get through here, Lance. Let's start with the markets. Everybody is feeling the tractor pull to the big round number of 7,000 S&P. But we haven't quite hit it yet. And last time you were on, we talked about that you were seeing some healthy rotation, some broadening of the markets. Is that what's continuing here? Is that sort of what's keeping the MAG-10 from pulling the S&P to 7,000 because capital is starting to flow in some of these other sectors that have been less loved?