It Won't Take Much To Tip This Market Over | Lance Roberts

**SPEAKER_1** (0:00)
Make every get-together chill. This Memorial Day, get up to an extra $1,000 off select top brand appliances like LG. Plus, get free delivery at the Home Depot. Tackle pool towels and camp laundry with a large capacity washer. And host in style with the fridge serving craft ice, mini craft ice, cubed ice, and crushed ice. Shop appliance savings now through June 3rd at the Home Depot. Offer valid May 14th through June 3rd, US only. Free delivery on appliance purchases of $998 or more. Visit the LLC store online for details.

**SPEAKER_2** (0:30)
You said this place was steps from the water.

**SPEAKER_3** (0:32)
We just haven't found the steps yet.

**Lance Roberts** (0:35)
How much did we save? Enough.

**SPEAKER_5** (0:39)
Enough to get lost?

**SPEAKER_3** (0:41)
Or you could book a stay with Hilton.

**SPEAKER_6** (0:43)
Welcome to your oceanfront room, just steps from the water.

**SPEAKER_3** (0:47)
The Hilton sale is on now. Book on hilton.com or the Hilton app and save up to 20% to get the stay you expected. When you want savings, not surprises, it matters where you stay.
Hilton, for this day.

**Lance Roberts** (1:00)
Prices are well above, well deviated above long term means. And typically when you have that kind of deviation, markets are going to find a reason to correct. And all it needs is a reason, some reason. It may not even be a big, it may not even be that big of a reason.
But all of a sudden the market's off.

**Adam Taggart** (1:25)
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 featuring my good friend, Lance Roberts, the portfolio manager with Deja Vu. Lance, how are you doing?

**Lance Roberts** (1:40)
It's definitely just, it's more like not Deja Vu, it's more Groundhog Day.

**Adam Taggart** (1:45)
Yeah, I was trying to find a Groundhog related adjective, there really isn't one out there. No, there's really not.

**Lance Roberts** (1:50)
No.

**Adam Taggart** (1:51)
Okay, so folks, we're going to get a lot of good things to talk about today. Stocks are back at all time highs, so we're in this sort of Groundhog Day of the markets where stocks are high, but so are valuations. I'm sure we're probably still in overbought territory, Lance, but we'll talk about that in a minute. We're going to talk about whether diminishing oil supplies and oil reserves are a ticking time bomb here for the global oil market. We'll also talk about whether rising interest rates or rising bond yields is also a ticking time bomb for the market, and Lance, you just have a new piece out about that today. So we'll get all of that in just a minute, folks. Real quick, I just want to start with an exciting announcement here for Thoughtful Money. In media, it's all about putting in the work, putting out a good product day after day, kind of grinding away, and then hoping for a big opportunity, a really interesting door to open that gives you access to a much bigger audience. As I say in Hollywood, it's all about timing. So there's a really exciting opportunity that has made itself available to Thoughtful Money. And I've got to be a little bit circumspect about it until it's actually made official. But I've got the opportunity to bring the Thoughtful Money message potentially onto the platform of another podcast platform, but just one that is far bigger than mine with an aligned audience. So I think it's where a message can really do a lot of good, reach a lot of new people, and just could be very exciting.
So I will inform you folks as this goes along. But I'm really excited about the opportunity. To be able to crack open that door, one of the things that happened was basically this platform took note of Thoughtful Money and its success. If you've been following me on X, I've been posting how our audience growth has done really well in the past couple of months.
They approached me about potentially bringing our content onto their platform, but also they want to help Thoughtful Money as a business. And so one of the key elements of this discussion was, they've got a marketing arm that said, hey, look, we can take over a lot of the stuff that you're doing yourself, Adam, as you're running the whole business. And we think that we can basically turbocharge what you're doing, as well as free you up to create more great content. So this is a long-winded way of saying, one of the things that I may have to do is sort of the price of getting access to this much larger market is doing sponsored table reads, which is something I've really avoided doing on this channel for a bunch of reasons. But the biggest one is, I'm very, very aware that the biggest currency value that this platform Thoughtful Money has, which has been really hard invested in over time, hard built, is trust. I want to make sure that when I tell you, hey, this is somebody that's important to listen to, or this is a service that might make sense for this type of person, that you've got real faith in me and in this channel that I'm referring you to something that is worth your time, that I'm not letting my editorial recommendations be influenced or guided by any sort of paid sponsor. So anyways, just to let you know, two things on this, don't fear too much. I told them first, if we're going to do this, we're going to do it like toe in the water first to see what goes on. So probably just start with one every so often. If you listen to most podcasts, you know exactly what I'm talking about. They take 30, 45 seconds or so the person reads a message from a company that, it's basically like me reading sort of an advertisement about hopefully a product that's relevant to you.