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Wealthion - Be Financially Resilient

2024 To Be The Year Of The Economic Reckoning? | Lance Roberts & Adam Taggart

Oct 7, 2023
Portfolio manager Lance Roberts and Wealthion host Adam Taggart discuss the potential for a recession and bear market in 2024, along with topics like payrolls jobs data, bond yields, and the vulnerability of the banking system. #recession2024 #bondyields #inflation
01:24:53

Podcast summary created with Snipd AI

Quick takeaways

  • Despite the lack of a mean reverting event yet, there is a possibility of a bear market in the future due to high valuations resulting in low forward returns.
  • The Fed's confidence in avoiding a recession may lead them to overlook potential risks in the economy, as historical data shows their forecasts have often been inaccurate.

Deep dives

The potential for a bear market

There is a possibility of a bear market in the future despite the lack of a mean reverting event yet. The Federal Reserve's economic projections through 2026 show no indication of a negative economic growth environment, which may lead to complacency. However, historical data suggests that high valuations often result in low forward returns in a bear market.

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