Thoughtful Money with Adam Taggart Time To Be "Tactically Bearish" Stocks? | Lance Roberts & Adam Taggart
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Jan 11, 2025 
In this insightful discussion, portfolio manager Lance Roberts shares his cautious outlook on the stock market, citing stretched valuations and slowing economic growth. He anticipates a disappointing year for stocks, unlike the previous 20%+ returns. The conversation dives into rising bond yields, market correction risks, and the peculiar phenomenon of speculative assets like Fartcoin. Roberts emphasizes the importance of disciplined investment strategies and personal accountability in navigating these uncertain financial waters.
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Market Addiction to Monetary Policy
- Markets are addicted to monetary policy, reacting to Fed's actions, not economic reality.
- Stocks should be up on strong employment news, but they are down due to rate cut expectations.
Tactically Bearish Stance
- Lance Roberts is becoming tactically bearish on stocks due to slowing economic growth and stretched valuations.
- He clarifies this does not imply an imminent market crash, but a potentially disappointing year for stocks.
Market Disconnect from Fundamentals
- Strong employment reports are positive for the economy and earnings, suggesting growth.
- However, markets react negatively, focusing on the Fed's potential actions rather than economic fundamentals.