Can The Rally In Stocks Continue Into Year End? | Lance Roberts

Oct 4, 2025

Lance Roberts is a seasoned portfolio manager and market commentator known for his insights into macro trends and risk management. In their chat, Lance discusses the current momentum-driven stock market and why he believes buying dips remains a solid strategy through year-end. He weighs in on the potential impact of the government shutdown, critiques traditional employment metrics, and shares thoughts on AI valuations possibly resembling a bubble. Additionally, he offers strategic advice for onboarding cash into this rally while managing risks.

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INSIGHT

Rally Fueled By Fed Hopes, Not Fundamentals

Since October 2022 the market rally has been driven primarily by speculation about Fed rate cuts rather than fundamentals.
Lance Roberts warns sentiment and momentum, not earnings or economic data, are currently powering stock prices.

INSIGHT

Shutdowns Rarely Move Markets

Government shutdowns historically have negligible market impact and markets were up in 85% of past shutdowns.
Roberts shows shutdowns mainly affect discretionary spending and rarely cause defaults or missed mandatory payments.

ADVICE

Buy Dips While Trend Holds

Buy dips while the bullish trend remains intact and use moving averages as buying cues.
Expect occasional 3–5% corrections but treat them as buying opportunities through year-end.

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At this point, the stock market is being driven nearly entirely by sentiment and momentum.Portfolio manager Lance Roberts thinks the odds are good that will continue as the allure of S&P 7,000 entices investors to keep buying dips through the remainder of the year.He and I discuss the technical reasons for this, as well as the impact of the government shutdown, the latest disappointing ADP jobs report, bonds and Lance's firm's recent trades.For everything that mattered to markets this week, watch this video.
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#bullmarket #jobsreport #shutdown

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