Odds Of Stock Market Correction Grow As Economy Slows | Lance Roberts

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**Lance Roberts** (0:58)
A correction back to the 200-day moving average would be roughly about 10%-ish, 10-11%.
So that's not going to be, a lot of people are going to be calling like, Adam, is this the big one? But can you imagine just if we go back to the April lows, just where we were in lows of April, that's 26% lower just to retest the lows of April.

**Adam Taggart** (1:23)
Talk about that for a second because a test of the April lows isn't something completely out of the question here, right?

**Lance Roberts** (1:32)
No, not at all.

**Adam Taggart** (1:40)
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 languid portfolio manager, Lance Roberts. Lance, how you doing?

**Lance Roberts** (1:53)
I'm doing good, yes, I'm languishing this week, so.

**Adam Taggart** (1:58)
Well, I picked languid because it means slow or slowing down. This relates to a piece that you just wrote about some of the leading indicators, suggesting that things are slowing down.
We'll get to that in just a minute. I got to admit, Lance, I was a little nervous to poke fun at you today with that word, because as you were setting up your camera today before we turned on the recording, I got to see your man cave a little bit, and there were some katana swords there. And for those of you who don't know what a katana is, it's one of those Japanese samurai swords. And I asked Lance about it. He's like, yeah, that's back from when I used to fight with swords during your MMI day.

**Lance Roberts** (2:37)
Back in the day, yes.

**Adam Taggart** (2:38)
Back in the day. So I think I said to you then, I was like, Lance, I always knew you were a guy who didn't want to get angry at me, but I keep learning how bad of a guy you would be to get angry at me.

**Lance Roberts** (2:48)
Yeah, those were all the fun days. You know, when you think back to your younger days of stuff you did, I'm like, I'm surprised I'm still alive today.

**Adam Taggart** (2:57)
I'm surprised you've got all your fingers in the appendages.

**Lance Roberts** (3:01)
Trust me, I have battle scars all over my body. So trust me, I have scars, galore, so yeah.

**Adam Taggart** (3:09)
Oh my God. All right. Well, yeah, I had no idea how much I was taking my life into my hands poking fun at you, all these.

**Lance Roberts** (3:16)
See, I'm old now, so it doesn't matter. These days, I just go, yeah, whatever.

**Adam Taggart** (3:21)
Okay, we'll see. Something tells me the bear still had a little bit of fight left in him, but hopefully, I never find it. All right. Well, look, fair amount to talk about this week. Real quick, let me just remind folks that the Thoughtful Money Fall Online Conference is coming up real fast. It's going to be Saturday, October 18th. We're now here at the end of September, so we're getting real close. It's going to be a fantastic event again this year, folks. Extremely timely, especially as things are looking so uncertain for 2026 Also, too, I'll break the news here. We've got a few more people added to the roster. Just added Danielle DiMartino Booth, and what's funny about that is I've asked Danielle to speak, I think, at like every conference that we've had, and I thought I was doing her a kindness by giving her a conference off. And I got this angry text from her saying, you're having a conference and I'm not involved. So she very much still wanted to come in front of the Thoughtful Money audience folks, and I said, of course, if you want to come present here, we would absolutely love to have it. So we're going to have Danielle. David Hay is going to come. He's going to talk about income investing and investing in opportunities outside of the US. We're going to have Craig Wischner on. He's, I think, participated in one or two conferences in the past. He's going to talk about farmland investing. And then, of course, we've got the roster I've mentioned, Lacey Hunt, Judy Shelton, Stephanie Pomboy, Grant Williams, Michael Howell, Darius Dale, Sven Henrik, Andy Sheckman, talking about precious metals, Lynn Alden talking about Bitcoin, Melody Wright talking about the housing market. It's going to be just fantastic. So if you haven't bought your ticket yet, really go do it like right now so that you lock in our early bird price discount while it's still there in its last few days. To do that, just go to thoughtfulmoney.com/conference.