Odds Of A Santa Claus Rally Still Looking Good? | Lance Roberts

**SPEAKER_1** (0:01)
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**Adam Taggart** (0:24)
You're about to make a trade, which you do you listen to?

**Lance Roberts** (0:27)
Is it, get optioning those options?

**Adam Taggart** (0:31)
Or, let's do a little research.

**SPEAKER_4** (0:35)
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**Lance Roberts** (0:39)
This year is going to be very notable. We're going to have a lot of active managers that underperformed their index, simply because they didn't have enough weighting in these small handful of stocks that have been driving the markets this year. So there's going to be a good bit of catch up trade going into the end of the year to make sure they got Apple and Meta and NVIDIA and those stocks on their books going into for end of the year reporting so that they have that in place going into next year. So that's going to be that Santa Claus rally last week or so of December, first two days of January.

**Adam Taggart** (1:18)
Welcome to Thoughtful Money. I'm Thoughtful Money Founder and your host, Adam Taggart. Welcoming you back at the end of another week. For another weekly market recap, featuring my good friend, the comeback kid, portfolio manager, Lance Roberts.

**Lance Roberts** (1:30)
Why am I the comeback kid?

**Adam Taggart** (1:33)
Kind of several different reasons here. One, obviously, you were a fighter in your youth, and I'm sure that when you were down with your grit and your determination, you'd fight your way back, just like the market has been doing, actually, from the swoon from last week or the week before. As from what you tell me, your wife's treatments are going well, so she's fighting a good fight here. And we might talk about this near the end, but I'm finally back to making some progress in the gym, and that feels good too.

**Lance Roberts** (2:04)
Nice. Awesome. Congratulations.

**Adam Taggart** (2:06)
Thank you. A lot of comeback themes here. We should let folks know first off, though, that we are recording this on Thursday.
We're not recording on a Friday like we normally do, and that's because this is one of the weeks where your wife goes and gets your chemo treatments, and usually we have Mike Leibowitz step in in your absence, but he can't this week, so we just have to do it a day early.

**Lance Roberts** (2:27)
And you just got to suffer through another week with me, so.

**Adam Taggart** (2:32)
Well, folks, don't worry. You're almost at the holidays. You almost might get a break, so yeah. Exactly. Strap in.

**Lance Roberts** (2:38)
No, actually, Mike Leibowitz is in Houston this week, so.

**Adam Taggart** (2:42)
Are you seeing him or is he there for something else?

**Lance Roberts** (2:44)
I don't know. He's here for us. And tonight we have a kind of an event for some of our investors and things, so he's here for that, so we're having dinner tonight. And, but no, he's going to be in, he's going to be traveling back by air tomorrow. So normally when you're recording, he's going to be in a flight back, so that's why he couldn't do it tomorrow.

**Adam Taggart** (3:05)
Okay. Well, hey, speaking of events, I know we mentioned this briefly last week, but for those that didn't hear it, the RIA Annual Conference is going to be next month, right? January 17th, I think, if I get the date right?

**Lance Roberts** (3:17)
That is correct. January 17th. We've got a whole lineup of speakers. Of course, you'll be there along with myself and Michael Liebowitz. We also have a gentleman from BlackRock coming in, Brian Dunlap, that's going to talk about artificial intelligence, the future where BlackRock sees the future of artificial intelligence. Of course, they're right in the middle of it all with all the funding and things that are going on. They're big players in the private equity.

**Adam Taggart** (3:43)
I got a lot of questions for him, so I'm really looking forward to that one. So some probing, but also just I'm looking forward to it, too.

**Lance Roberts** (3:49)
Exactly. And then we also have a very interesting young Joe. Of course, everybody's kids to me these days. I know. Everybody's so young. But very interesting young gentleman, Daniel Kang, who's the Chief Strategy Officer for DeFi Development Corp. And they are a stable coin issuer. And they're doing a lot of work with Solana. They're going to be here talking about Bitcoin, cryptocurrency, stable coins, all that type of things. So and then also we have Ed Slott, who's America's financial planner. He'll be here talking about Social Security, Medicare, financial planning. It's going to be a really good conference this year, so I'm really excited about it.