Market Risk Still To The Downside In Near Term, But Be Ready To Buy Back In | Lance Roberts

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**Lance Roberts** (0:59)
We've got some downside here to roughly around $5,900-ish, would be reasonable at that point. You know, as we kind of get down $5,850, $5,900, you're going to be coming up on the 200-day moving average. That's probably going to be your next entry point to add exposure to your portfolio. We're getting a lot of stuff set up here. If we can just get this market to cool off here just a bit, give us a bit of a pullback, it would be even better. But even just a continued consolidation here is just fine. Work off some of this overbought condition, then we can definitely get some more money put into the markets and increase our equity exposure.

**Adam Taggart** (1:43)
Welcome to Thoughtful Money, I'm Thoughtful Money Founder and your host, Adam Taggart, welcoming you back here at the end of another week for another weekly market recap with my good friend, the Lysum portfolio manager, Lance Roberts. Lance, how are you doing?

**Lance Roberts** (1:57)
I have not had lice since I was a kid. Actually, I've never had lice. My kids had lice growing up. They would get it from school regularly, but me, never.

**Adam Taggart** (2:05)
You know, we had the same deal, too. I never had it growing up. But for whatever reason, especially if you have girls, you know, sleepover is just terrible for that when they're young, right?

**Lance Roberts** (2:15)
No, and then I haven't really thought about that, but that's a true statement. My boys, so I have four kids, right? So I have two boys, two girls, and it seemed like we were constantly fighting with the girls when they were in elementary school and intermediate school. It stopped once they got into high school. But when they were in elementary and intermediate school, it seemed like we had lice like every two weeks coming home from school.

**Adam Taggart** (2:37)
Yeah. Well, for us, it was always sleepovers.
Yeah. When they have the longer hair in general. But then they like to kind of huddle up with their friends when they're having sleepovers and stuff. It's just a transmission factory. Anyways, probably not what people wanted to hear us talk about. By the way, lice has nothing to do with lice. It means supple and relaxed. And you had turned 60 not that long ago. And the Thoughtful Money crowd got you and your wife some massage gift certificates. I hope you've used them by now, Lance.

**Lance Roberts** (3:09)
We have not had a chance to use it. God, husband. They're going to get used. I absolutely promise you that. But this past month, and really month and a half, has been just graduation parties and trips to Baylor for getting my daughter set up for college. It's just been every weekend has just been booked lately. So not supple, not relaxed at this point at all. And hopefully after the end of this month, things will calm down a bit and we'll have time to get those done. But absolutely, and most importantly, thank you all very much for those. It was a very nice gift. It will not go to waste. I absolutely promise you.

**Adam Taggart** (3:51)
Okay, good. Yeah. Because after a busy couple of weeks like that, sounds like what you guys need is a relaxing massage.

**Lance Roberts** (3:57)
It just seems like I could never get a weekend off.

**Adam Taggart** (4:03)
All right. Well, first, you are, I think, going to get a week off in the not-to-distant future. You are going to the UK. Last week, you talked about hoping to get a table at Clarkson's hub or whatever that's tied to his farm. It sounds like you guys were able to land that.