Thoughtful Money with Adam Taggart

Latest Episodes:

Buckle Up! Markets To Get More Volatile From Here | Cem Karsan Sep 10, 2024

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After a long slumber, volatility has started returning to the financial markets over the past month. Why? And is this just a brief episode? Or the start of a more turbulent era for investors? For answers, we welcome back to the program Cem Karsan, Founder, CIO, and Managing Principal of Kai Volatility Advisors, widely known as @jam_croissant on X/Twitter. LOCK IN THE EARLY BIRD DISCOUNT for the Thoughtful Money Fall Online Conference by registering now at https://thoughtfulmoney.com/conference #volatility #vix #investing

Will The Cost Of Living Grow Faster Than Your Wealth Can? | New Harbor Sep 08, 2024

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Many consumers are still suffering annual double-digit increases in living essentials. So even though inflation measured as CPI is now reported to be under 3%, that flies in the face of the much higher cost increases real people experience in their daily lives. This is causing investors to start worrying: Will the cost of living outpace my ability to grow my wealth from here? In today's interview with the lead partners at financial advisory firm New Harbor Financial, we address strategies for avoiding that fate. We also discuss the big shoes that seem to be dropping in real-time around us that could disrupt the financial markets: fast-weakening jobs data, coming interest rate cuts, and increasing worries that AI isn't delivering the ROI that Wall Street expected. LOCK IN THE EARLY BIRD DISCOUNT for the Thoughtful Money Fall Online Conference by registering now at https://thoughtfulmoney.com/conference #inflation #costofliving #marketcorrection

The Market Correction Has Started | Lance Roberts & Adam Taggart Sep 07, 2024

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Stocks have had a bad week, make worse on Friday when a mixed payrolls report sent investors into a tizzy trying to speculate whether deeper interest rate cuts were more or less likely in September. They eventually decided the latter, and then sent the price of many assets markedly lower. Portfolio Lance Roberts says the correction he's been expecting pre-election is now here. The big question from here is: how far will it go? Lance and I discuss that, plus the weakening jobs data, a recent un-inversion of the yield curve, the sell-off in AI darling Nvidia, and Lance's firm's recent trades in this week's Market Recap. LOCK IN THE EARLY BIRD DISCOUNT for the Thoughtful Money Fall Online Conference by registering now at https://thoughtfulmoney.com/conference #bearmarket #marketcorrection #bonds

Marc Faber: Inflation Destroys Societies. It Won't Be Any Different This Time. Sep 05, 2024

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This interview comes hot on the heels of the one I just released with demographer Neil Howe in which we discussed the current period of extreme volatility and change -- which he calls the 4th Turning -- that he sees the world descending into. Long simmering issues are now at the point of boiling over, be it economic opportunity, crime, free speech, immigration, personal liberty -- the list is long. When the status quo starts getting upended, what's likely to come next? At times like this when the path forward is unclear and the stakes are high, it's wise to tap the counsel of those with a strong command of the lessons of history, and the practical experience of a lifetime in the market trenches. There are few who fit that description better than Dr Marc Faber, Editor and Publisher of ‘’The Gloom, Boom & Doom Report’ Follow Marc at https://www.gloomboomdoom.com/ #inflation #debtcrisis #marketcorrection

Neil Howe: We May Suffer A Collision of Financial, Social & Geo-Political Crises All At Once Sep 03, 2024

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The fault lines that divide our society are widening. The K-shaped recovery that we've seen since COVID has rewarded asset owners at the expense of everyone else. And millennials and Gen Zers, who are losing faith in being able to achieve a middle class lifestyle, look with increasing bitterness at the relative prosperity of the Boomer generation. These simmering grudges are only getting inflamed further by the divisive rhetoric of November's approaching US presidential election. Are we at risk of a class war? A generational war? An ideological civil war? Or a combination of all of these? Or, will we find a way to bridge our differences and come together? For perspective, we have the privilege of speaking today with demographer Neil Howe, co-author of the seminal book "The Fourth Turning" and its sequel "The Fourth Turning Is Here". WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com #financialcrisis #fourthturning #demographics

Farmland Is Becoming A "Buyer's Market" | Craig Wichner Sep 01, 2024

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One of the asset classes I get the most requests to do an interview on is farmland. It's a form of real estate investment that yields cash flow by producing commodities -- all attractive qualities to investors worried about inflation and/or the loss of purchasing power of fiat currencies. But how does it perform vs other asset classes? And how does one invest in farmland without being forced to become a farmer? For answers, we're fortunate to talk today with Craig Wichner, Managing Director of Farmland LP, which manages over 15,000 acres, farming them sustainably at scale. #farmland #soil #organicfarming

"Markets Are NOT Priced For Slowing Earnings" | Lance Roberts & Adam Taggart Aug 31, 2024

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The markets are back to overbought levels in the near term, both stocks and bonds, assesses portfolio manager Lance Roberts. And while he doesn't think an economic calamity necessarily lies ahead, we don't need one to justify a material downward correction in stocks. Stocks are valued based on their earnings forecast, and right now, forecasts are rosy. But there are multiplying signs that trouble lies ahead, especially in terms of consumer spending. If the economy does indeed slow from here, earnings will fall and stock prices will suffer. Right now, stocks are NOT priced for slowing earnings. Lance and I discuss this risk to asset prices, as well as Nvidia's recent earnings, the AI story in general, the struggling majority of American households and Lance's 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 #nvidia #inflation #stockmarketcorrection

Lacy Hunt: Both Presidential Candidates Will Only Make Our Debt Problem Worse Aug 29, 2024

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Now that it seems the Fed has officially pivoted, what will lower interest rates mean for the economy and financial markets? Will they be enough to keep recession at bay and prevent a further rise in unemployment? What will the trillions of investor capital currently parked in T-bills and money markets go if the yields on those assets go down? For a true expert's view on these important questions, we have the great fortune to sit down today with one of the greatest living economists, Dr. Lacy Hunt, former Senior Economist to the Federal Reserve Bank of Dallas, as well as several of the world's largest global banks. He now serves as Executive Vice President and Chief Economist of Hoisington Investment Management Company. We also discuss his views on the economic plans (as understood so far) of both presidential candidates. Punchline: Lacy is not impressed. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com #federalreserve #election2024 #economy

Former Fed Official Accuses It Of Socialism | Thomas Hoenig Aug 27, 2024

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Last week in his much-anticipated speech at Jackson Hole, Federal Reserve Chairman Jerome Powell announced the "time has come for policy to adjust". World markets now have a 100% probability expectation that the Federal Funds Rate will be cut at the upcoming September meeting. In the words of Nick Timiraos, chief economist for the Wall Street Journal and suspected media mouthpiece for the Federal Reserve, "The Powell pivot is complete". Is that indeed the case? And if so, what should we expect from here from the speed and depth of rate cuts? What will the expected impacts be on the economy? And which ones will be felt soon, and which perhaps not for quarters from now? And lastly, is this the correct policy move the Fed should be pursuing? For a true expert's informed perspective on these very important questions, we have the great privilege today of speaking with Dr Thomas Hoenig, former CEO of the Kansas City Fed, former voting member of the Federal Open Market Committee, a former director of the FDIC, and now a Distinguished Senior Fellow at the Mercatus Center. Follow Dr Hoenig at https://www.discoursemagazine.com/ or https://www.finregrag.com/ WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com

When The Data Can't Be Trusted, How The Heck Can We Know How The Economy Is Doing? | Wolf Richter Aug 25, 2024

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The war of conflicting narratives continues. Bulls point to Q2's robust GDP growth, still relatively low unemployment, an upside surprise in July retail sales, and record high prices for both stocks and existing homes. Bears on the other hand warn about slowing Q3 estimated GDP growth, the triggering of the Sahm rule recession indicator, this week's massive downward revision in payrolls, rising consumer debt delinquencies and recent surveys reporting that half of American adults have less than $500 in savings. When sentiment is full of such crosscurrents, it's prudent to seek the counsel of those who take. cold and calculated look at the data, to see what "is" vs what our biases may want us to see. Which is why we're fortunate to speak with macro analyst Wolf Richter of WolfStreet.com, who will share with us what the charts he regularly compiles are telling him about the true state of today's economy & markets. WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com #recession #economy #jobsdata