It's A Tricky Market Right Now | Lance Roberts

Lance Roberts (0:00)

And this is what's made it hard on individuals that are trying to trade the market, right? They're trying to buy the momentum stocks and those work for a couple of days and they get blown out of the water. Then the next day, it's value stocks are doing well, then they get blown out of the water, everything shifts back and forth. So it's made it very tough if you don't run a diversified portfolio. If you run a concentrated portfolio, this has been a tough market.

Adam Taggart (0:30)

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, the tubercular portfolio manager, Lance Roberts. Lance, sorry to hear you're not feeling well.

Lance Roberts (0:47)

Yeah, so it's been a rough couple of days. So I'm barely holding on to my voice, but we'll see if we can get through today.

Adam Taggart (0:53)

Yeah, you sound like Froggy from The Little Rascals. Exactly.

Lance Roberts (0:56)

Yeah, you should have heard my YouTube show yesterday. I was like Barry White all day.

Adam Taggart (1:01)

Really?

Well, I'm really sorry for that, and I hope you get better soon. I'm sure you're going to get a lot of well wishes from folks in the comments. I was going to introduce you as the Vestal portfolio manager, Vesta being the Roman goddess of home and hearth and health, I think, or family, yeah, hearth, home, and family. Because you have closed on your new home, right?

Lance Roberts (1:25)

Yeah, a couple of weeks ago, October the 1st, we finally got it closed on.

Adam Taggart (1:29)

Remind us when you actually move in.

Lance Roberts (1:32)

My wife is busy nesting as we speak. She's organizing and getting everything placed the way she wants.

Adam Taggart (1:40)

So it'll be a while.

Lance Roberts (1:41)

It'll be probably two, three months before we get moved in.

Adam Taggart (1:44)

I think you'll be in there before the end of the year or?

Lance Roberts (1:47)

The goal is Christmas there, but I don't think we're going to make that.

Adam Taggart (1:51)

Okay. All right. Well, good luck. Congrats. And again, most importantly, heal up fast, get better soon.

All right. So folks, this one's going to be a short one today. And I know I always say that and that it's not. It is going to have to be short today for two reasons. One, we got to let Lance get out there to recuperate.

But also, I'm meeting up with demographer Neil Howe, author of The Fourth Turning, at the end of the hour here for tomorrow's conference. So I got to make that happen. And real quick, folks, you're going to have to sit through about 60 seconds of me talking about the conference here, because if you're watching this video, the day that the video launches, the morning the video launches, the conference is going on right now in parallel with this. And if you want to actually jump in to watch it, you still can. You still can go buy your ticket over at thoughtfulmoney.com/conference.

And I just very quickly want to go through our final faculty roster because it is just fan damntastic. If you can see here, we've got Lacey Hunt kicking it off. As you know, Lacey has had a pretty big pivot in terms of the way that he sees where things are headed economically. He goes very deep into that at the start of this conference. He's kicking it off with a keynote, followed by Jan Van Ecke, president of Van Ecke Funds. He talks all about what's going on with these high bond yields that are going on and how that changes the landscape for investors. We then are going to have Neil Howe, author of The Fourth Turning. He'll be chiming in live so that you can ask him any questions you want. Fred Hickey will be talking about AI. He's got an awful lot to say there. Ed Doud will be there giving the deflation case. Mike Green will be talking about what's going on with passive capital flows. Mark Newton will be giving his latest update on the technical analysis side for the rest of the year. Stephanie Pombo and Grant Williams will be doing a super terrific happy half hour for us. Darius Dale will be going through the latest outcome of his model there at 42 Macro. Michael Howe will be talking about what's going on with global liquidity. Melody Wright will be talking about what's going on in the housing market, all things geopolitical and geostrategic. Michael Every's got that covered. Tavi Costa will be there talking about what's going on in the commodity space, and sharing a number of specific companies that he thinks look attractive right now. We'll have Andy Sheckman pipe in live, so he'll take all your questions about gold and silver. Brent Johnson will be there talking about the dollar. David Hay will be talking about income investing. Danielle DiMartino Booth obviously talking about the Fed, and Jeff Clark will be giving his top 10 mining stock picks. This is a phenomenal event, folks. It's over 10 hours of content. If you can't watch it live, don't worry. Everyone who buys a ticket will be sent replay videos the night the conference is over. If you're watching the video now and it's on replay, and let's say you're watching it the day after the conference happened, again, you can just go to thoughtfulmoney.com/conference and buy the replay of the entire event there, all the presentations, all the live Q&A. All right, Lance. With that said, let's dive into what's going on with the markets here.