Thoughtful Money with Adam Taggart

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Stephanie Pomboy: It's Just Dumb To Dismiss Recession Risks At This Point Mar 18, 2025

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Macro analyst Stephanie Pomboy and I just concluded our bi-weekly live show.This week, Stephanie focused on recession risk and the mental gymnastics many go through to avoid addressing it.Not only are the economic data continuing to weaken, but even the new Administration is telling investors to prepare for a slowdown.Here’s US Treasury Secretary Scott Bessent yesterday:“The market and the economy have become hooked, become addicted, to excessive government spending and there’s going to be a detox period.”At this point, to refuse to plan for even at least the possibility of a recession and/or a further market decline later this year is foolish.Steph and I also discussed her outlook on gold, the employment market, corporate profit margins, the latest retail sales data and several other audience questions.NOTE: these bi-weekly Monday morning live shows with Stephanie are moving to Wednesdays going forward. The next one will take place on Wed March 26th (same 11amET time).

The Whole Tenor Of The Market Just Changed | New Harbor Financial Mar 16, 2025

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After four weeks of relentless selling, the charter of the stock market has changed.While a short-term bounce is likely here, sentiment is now damaged.It will be harder for the market to race back to new highs, as investors start to price in a greater acceptance of the current risk factors.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com

Is The Pain In Stocks Over? Did The Bounce Just Arrive? | Michael Lebowitz Mar 15, 2025

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After a pummeling few weeks over which the stocks lost $trillions in market cap, Friday saw a big rally and the reversal of a number of technical indicators.Does this mean the bottom is in? At least, in the near term?Quite possibly, says portfolio manager Michael Lebowitz.We discuss the reasons why this is more likely than not, and the importance of watching closely what happens next.If stocks rise to make a new high, the multi-year bull market trend will remain intact.If they rise, but start putting in lower highs & lower lows, that suggests more weakness to come.If they fail to rise at all from here and resume their downtrend, that opens the door to some scary prospects.Michael and I discuss all of these in depth -- as well as his outlook on tariffs, earnings, recession risk, bonds, gold and his firm's latest trades -- in this week's Market Recap.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com

Carson Block: Famed Short-Seller Explains Why The Market Is "Broken" Mar 13, 2025

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As mentioned many times on this program, stocks entered the year trading at or near record-high valuation extremes.When stocks are at such overbought extremes, short-sellers smell opportunity. They've certainly had a lot of it over the past two weeks.Today we have the good fortune of speaking with one of the best known short-sellers in the business, Carson Block, founder of Muddy Waters Research.He's come to the conclusion that the market, especially in the US, are "broken"To find out why, watch this video.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com

The World Is Suddenly Desperate For Physical Gold & Silver | Andy Schectman Mar 11, 2025

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Gold has experienced a major upwards repricing in recent years.It's up nearly $1,000/oz over the past two years.And in just the past year alone, it's up 35%, handily outperforming the S&P's return of just 13%.Some say gold is quite overbought after this big run. Others say it's just getting started, and that far higher prices lie ahead due to the ongoing loss of purchasing power of the US dollar and other world fiat currencies.Which is more likely?For a "boots on the ground" report on all things gold, we welcome Andy Schectman to the program for the first time. Andy is the CEO and co-founder of Miles Franklin -- a full-service precious metals broker with a mission to educate the masses on the benefits & principles of sound money and to deliver fair pricing. It has an A+ rating from the Better Business Bureau.Andy reports that amidst the current wild action in the gold market, he's seeing some developments he's never witnessed before in his decades-long career.READ OUR FREE GUIDE TO BUYING GOLD & SILVER at https://thoughtfulmoney.com/gold

Judy Shelton: It's "Day 1" Of The Reckoning As US' Unsustainable Fiscal Path Runs Out Mar 09, 2025

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From tariffs to tax cuts to de-regulation to budget reductions to a potential sovereign wealth fund, the new Trump administration is moving aggressively to redesign the way America finances itself.Are these much-needed reforms that will put the American economy on a more secure & sustainable footing?Or could they risk resulting in misguided chaos?To find out, today we have the great fortune to welcome to the program Dr Judy Shelton, economist, author, Senior Fellow at the Independent Institute and the author of Good as Gold How to Unleash the Power of Sound Money.She's a particularly qualified expert on today's topic because she served as an economic advisor to President Trump during his first term, and was nominated by him in 2020 for the Federal Reserve.BUY YOUR TICKET FOR OUR MARCH 15 CONFERENCE at https://thoughtfulmoney.com/conference

Stocks Likely To Bounce Higher From Here | Lance Roberts & Adam Taggart Mar 08, 2025

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Stocks have had a rough week, declining through mid-day Friday until finally bouncing in the last few hours.Is the bottom in?It could be, says portfolio manager Lance Roberts. The downward price action has been so swift, and the sentiment swing so negative, that stocks look very oversold in the near term.So he thinks a continued bounce from here next week is quite likely.We discuss that, plus the growing risk of recession, the latest Trump economic policies (including the new Strategic Bitcoin Reserve), rising unemployment, the housing market and Lance's firm's latest trades.For everything that mattered to markets this week, watch this new Market Recap.BUY YOUR TICKET FOR OUR MARCH 15 CONFERENCE at https://thoughtfulmoney.com/conference

US Stocks To Underperform For For Years Ahead | Kevin Muir Mar 06, 2025

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There's a lot of urgency right now in America to reduce the fiscal deficit via the new D.O.G.E and also to reduce its trade deficit via the threat of tariffs.Both initiatives are creating a lot of disruption right now, and have their fair share of vocal supporters and detractors.Are they likely to work? And at what cost?For discuss, we're fortunate to speak today with market veteran Kevin Muir, founder and editor of The Macro Tourist, the highly-acclaimed newsletter that currently ranks as one of the top financial Substacks in the world. In a nutshell, Kevin thinks nearly all US assets, including the dollar, are woefully overvalued.Just as capital flowed into the US over the past decade, pushing all these assets ever higher, he expects the coming years to see capital flowing out of the US, leading to chronic underperformance vs international assets.BUY YOUR TICKET AT THE 'LAST CHANCE TO SAVE' PRICE FOR OUR MARCH 15 CONFERENCE at https://thoughtfulmoney.com/conference

Michael Pento: Stocks & Home Prices To Fall 40-50% As Liquidity Dries Up? Mar 04, 2025

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When today's guest was last on this program back in December, he warned that after blockbuster double-digit returns in 2023 and 2024, stocks were likely to have a tougher time this year.Well, so far, with the S&P slightly down YTD for 2025, that prediction is proving prescient.So, where does he see the market headed from here?To find out, we're fortunate today to talk with money manager Michael Pento. president of Pento Portfolio Strategies.He maintains a 20-point model that guides his portfolio allocation, and today we'll hear what it's advising him to do right now.Spoiler alert: it is telling him we are at a dangerously high risk of a major downwards correction in both stock & home prices.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com

Stephanie Pomboy: Signs Of Stagflation Are Multiplying Mar 04, 2025

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Our bi-weekly ‘Macro Monday Mornings’ with Stephanie Pomboy resumed today.We discussed the mounting signs of economic slowdown, as well as the continued ‘stickiness’ of inflation.Will the rest of 2025 see us stuck in Stagflation?Stephanie thinks the odds are uncomfortably high. And similarly so for a material correction in the financial markets.We also discussed her projected implications of the latest policy developments of the new Trump administration (as best we understand them given the highly-fluid environment). And Stephanie also fielded live viewer Q&A.BUY YOUR TICKET ATTHE EARLY BIRD PRICE FOR OUR MARCH 15 CONFERENCE at https://thoughtfulmoney.com/conference

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