Jesse Felder: The Market Is Priced For A Fairytale Economy, But Stagflation Is Much More Likely

Adam Taggart | Thoughtful Money, Released on 4/9/24

Today’s guest expert is concerned that too many investors, giddy with the ferocious market gains since November, are increasingly willing to pay prices for assets that only make sense if the pace of gains continues into the far future. This is called “extrapolating the unsustainable” and is a hallmark of late stage price melt-ups. Historically, this behavior has not ended well for those engaging in it. Will it prove different this time? To find out, as well as hear his outlook for markets, we’re fortunate to speak today with Jesse Felder, founder & Editor of the respected market research firm: The Felder Report. Jesse warns that while the market is currently priced for a Goldilocks economy, stagflation is much more likely.

Jesse Felder began his professional career at Bear, Stearns & Co. and later co-founded a multi-billion-dollar hedge fund firm headquartered in Santa Monica, California. He’s the founder of Felder Investment Research, LLC, which publishes The Felder Report.

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,, he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (, 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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