‘We’re Due For A Correction’ In Stocks | Lance Roberts & Adam Taggart

Adam Taggart | Thoughtful Money, Released on 6/22/24

With stocks still firmly in overbought territory and the uncertainty of the US presidential election nearing, portfolio manager Lance Roberts warns “We’re due for a correction” He expects a 5-10% pullback in the near term. And perhaps a slightly larger drop leading up to November as Wall Street de-risks ahead of voting. Lance and I review the latest chart technicals, whether Japan’s Norinchukin Bank and it’s announced liquidation of its US Treasury portfolio poses a risk to bond market, the dangers of private investing, and the worrying extent to just how far the S&P 500 is trading above historical valuation averages. For everything that mattered to markets, watch this week’s Market Recap.

Lance Roberts has an extensive investing background that spans more than 25 years. He is the Chief Investment Strategist for RIA Advisors and Lead Editor of the Real Investment Report, a weekly subscriber-based newsletter to over 100,000 people nationwide.

Adam Taggart is the Founder of  Thoughtful Money. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he’s a devoted husband and dad.

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