Is This Rally A Bull Trap?? | Lance Roberts

**Lance Roberts** (0:00)
So, we've kind of been consolidating this rally this week. We've seen a good bit of volatility.
It's made it difficult for trading this week, just simply because you're up two days, you're down to two days, you're up a day, down a day, up a day. Headline driven, we're extending a ceasefire, we're not extending a ceasefire, or somebody's shooting somebody, whatever.
That just throws the market all over the place, that makes it a bit difficult. But stepping back, yay, A, the momentum and the bullish trend is still there. When we get to the technicals here in a minute, we've got some very good technical developments that are occurring. Breath is rising, the number of stocks that are participating in the market is rising. It was very, very low, that's increasing. And moving averages are starting to turn back up. So we're starting to get a positive trend to moving averages, which is also bullish. So there's no reason to be overly bearish here, but I would still be a little bit cautious.

**Adam Taggart** (1:02)
Welcome to Thoughtful Money. I'm Thoughtful Money Founder and your host, Adam Taggart, welcoming you back here at the end of the week for another weekly market recap featuring my good friend, the portfolio manager, with the green eye shade, Lance Roberts. Lance, how are you doing?

**Lance Roberts** (1:17)
I am doing very well today. How are you? Actually, actually, that's actually, Adam, that's a lie. Oh, that's a absolute lie. I'm grumpy, I am angry because my wife has me on a keto diet, so it's no carbs and no sugar for the next month and a week. I'm counting the day until we go on vacation. So, and of course, you know, it's not for me.
I'm at weight, right? I'm good in my speedo, right? This is all for her, but I have to do it because she's doing it.

**Adam Taggart** (1:48)
So, that's, look, that's rule number one of husbandry is you back your wife up and whatever she wants to do.

**Lance Roberts** (1:55)
Absolutely.

**Adam Taggart** (1:56)
They keep me very happy. And is this health at all related or is it literally just to cut to look good?

**Lance Roberts** (2:02)
It is literally to be speedo ready by the time Italy rolls around.

**Adam Taggart** (2:06)
So, okay. All right. Well, look, I can understand that. I want to look good on the beaches of Italy.
And you look good, Lance, you're going to look even better. But yeah, we'll see you get even more and more chiseled, I guess, over the next. But like I said, I'm very grumpy, so be careful. Well, so they say misery loves company. And for the next week, I'm not going to be keeping you company. I'll probably be eating all the carbs while you're not.
But I have a relatively large birthday coming up in the summer. And my goal is to try to get to fighting weight for it. And that all starts, the nutrition part of the cut all starts May 1st. So I'll be pretty miserable along with you, but for three months.

**Lance Roberts** (2:52)
Yeah. So is this your 50th? What birthday is it?

**Adam Taggart** (2:55)
I wish. It's my 55th.

**Lance Roberts** (2:57)
55th. That's not a big birthday. It's 50th and 60th.

**Adam Taggart** (3:01)
Well, I said kind of.

**Lance Roberts** (3:02)
55th. That's kind of like, yeah, whatever. I'm in the middle.

**Adam Taggart** (3:05)
But anyway, so viewers, we're giving you a fair warning here. The next couple of months, we might be extra irascible here on the program.
All right. But no, I knew you're feeling pretty good, even though it's kind of blurred out behind you because you got the bull behind you.

**Lance Roberts** (3:20)
Sorry, I can fix that real quick.

**Adam Taggart** (3:22)
You don't have to fix it. I just.

**Lance Roberts** (3:24)
No, I did that for another interview. I had a client interview earlier this morning. So there's our bull.

**Adam Taggart** (3:30)
Well, why don't we pick up where we left off last week? So last week, my takeaway was, which I titled our video, was don't chase this rally. So you were skeptical. I don't want to say skeptical, but the rally had been so ferocious. Off of the lows that you basically said, look, this thing is going to pull back just period because big moves like this tend to pull back.
But also, I don't want to word you in your mouth, but I think you're sort of like, look, there's reasons to be optimistic here, but this is not necessarily, we haven't really gotten the full all clear yet to get everybody back in the pool. So you still feel the same way this week or has anything changed?