Wealthion, Released on 9/2/23
Stocks and bonds are range-bound right now. Is the recovery from the swoon in August fizzling out? Or are assets just consolidating & preparing to power higher for the remainder of the year? (as recent technical analysis expert Sven Henrich predicts)
Portfolio manager Lance Roberts & Wealthion’s host Adam Taggart discuss those developments in this week’s Market Recap, along with:
1. Lance’s reaction to Sven Henrich’s bullish outlook
2. The growing strain between bullish technicals and bearish fundamentals
3. The growing divergence between GDP and GDI and why it suggests a recession is very likely
4. Why a lost decade of no net growth may lie ahead for stocks
5. Why missing the 10 worst days of the market matters much more than catching the 10 best days
6. Lance’s trades for the week
3:25 Sven Henrich Interview.
9:53 Why do markets appreciate in price?
16:42 A game of hot potato.
20:49 What comes first? Wall Street and companies.
27:35 Don’t be too bearish.
33:08 Looking forward to the markets.
39:14 Risk of recessions and credit spreads.
45:00 The dangers of a bearish bet.
50:38 The pain and the cleansing.
53:55 The long-term pain of the economy.
58:03 The Fed’s balance sheet breakdown by maturity.
1:03:25 Inflation and interest rates.
1:07:49 The City Economic Surprise Index.
1:12:17 The function of production vs. Consumption.
1:19:44 We are in a recession now.
1:25:02 Conservatism better than active management?
1:32:02 It’s all about luck.
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 Wealthion. 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.