With Buybacks Ending, A Market Correction Is Not Off The Table | Lance Roberts

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**Lance Roberts** (1:00)
Also starting today, the blackout window begins for corporate buybacks. Now that's not selling, right? That's not corporations aren't selling stock, but they're just not going to be buying as much stock. So that kind of that buying support from corporations is going to fade over the next couple of weeks. So that's going to leave the market a little bit vulnerable to headline risk, geopolitical risk, concern risk. Also running into the end of the quarter. So a quarter in rebalancing as well. So that's going to be a potential risk. So the point is, is that we're might, if you're expecting a 10, 15, 20 percent decline, I think that's getting wrong out of the market because of this consolidation. But a correction back to the 50 day moving average, maybe the 100 day moving average, which would be three to five percent, certainly isn't off the table right now.

**Adam Taggart** (1:54)
Welcome to Thoughtful Money. I'm Thoughtful Money Founder and your host Adam Taggart. Welcome you here at the end of the week. For another weekly market recap featuring my good friend, the parapetetic portfolio manager, Lance Roberts. Lance, how are you doing?

**Lance Roberts** (2:07)
I'm just fine. I'm not sure what parapetetic means.

**Adam Taggart** (2:11)
Well, it means constantly on the move and that would be you. That would be you. It's also me and I want to do a little mini-rant here upfront, which will be very short, only be two words, and it's that moving sucks, which I know you know well, Lance.
But as folks, long-term viewers probably know by now, I moved to Reno, I've been renting a house, just bought a house, but it's a new build, so that house won't be ready until at least next summer. And the house that we're renting, the landlords got approached with an unsolicited offer that they ended up taking, and very apologetically told us, look, we love you guys, but you can't stay here, you got to leave once your lease is over, while the lease ended this week. So I've literally been in the moving process this week, and then today, Lance, as soon as we're done, I got to finish all the prep before the big moving truck with the big burly guys arrives tomorrow. So anyways, I'm just in that hell of moving. Yeah.

**Lance Roberts** (3:14)
Sorry, where are you moving into? You're moving into another house or?

**Adam Taggart** (3:17)
Yes, we're moving into another house. It's actually in the same development that we're in. So it's nice because it's only about a five-minute drive from here, so I can just do lots of shuttling during the day with all the small stuff.

**Lance Roberts** (3:29)
So I did a very similar thing.
So right at the peak of the housing market where sales were really good, I sent you a link to the house that we sold. And right when we sold that house, it was a new build that we did with Toll Brothers. And I think that's very pretty. Yeah, right at the peak of the house, the housing market. And but our other house wasn't ready. And so we had to move into an apartment. So we just moved everything into storage. We had to move everything to storage. We moved into a small apartment for about two months. And then had to move again to get it.

**Adam Taggart** (4:04)
Yeah. So I'm doing the prolonged version of that. Yeah, not two months, but maybe a year plus. Yeah.

**Lance Roberts** (4:11)
It absolutely sucks. It's miserable. And especially when you're moving back to back, it's really...

**Adam Taggart** (4:17)