Did The Market Just Break? | Lance Roberts

16 snips

Nov 22, 2025

Lance Roberts, a portfolio manager and market strategist at Real Investment Advice, dives into the recent market turmoil following Nvidia's earnings report. He discusses the shift from risk-on to risk-off sentiment and the implications of technical market signals. The conversation covers AI investment trends, with an emphasis on discerning speculative bets from solid holdings. They also explore upcoming Fed actions, the impact of private credit risks, and societal concerns around automation's rise. This insightful chat reveals critical market interpretations and strategies.

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INSIGHT

Nvidia Reversal Alone Isn't A Regime Change

Thursday's Nvidia pop then plunge reflected option unwinds and record November OPEX, not necessarily a market regime shift.
Lance warns corrections after big runs are normal and stresses risk management and rebalancing.

ADVICE

Take Profits When Markets Get Extended

Take profits and rebalance when markets become extended above moving averages to reduce risk exposure.
Avoid leverage and speculative bets during stretched rallies and use rebalancing to manage downside.

ANECDOTE

A Texas Thanksgiving Menu

Lance described a Texas Thanksgiving of brisket, sausage, ribs, and chicken instead of turkey.
He joked tryptophan is only for turkey eaters and expects a big food coma after the meal.

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The stock market experienced a massive reversal after Nvidia announced another blowout earnings report.Nvidia, the S&P and the Nasdaq all shot higher at first...but then gravity took over.On Thursday, Nvidia opened up nearly +6% but then fell to close the day down more than -3%. The major indices closed in the red, as well.Wall Street had pinned its hopes on Nvidia jump-starting the market back into rally mode. That clearly didn't happen.Does this mark a turning point?Where guidance, no matter how fantastic, can muster the buying frenzy that we've seen for years now in AI stocks?Or, is this just a temporary pullback?Lance Roberts and I discuss the odds, as well as the latest jobs data, whether the Fed is likely to cut interest rates next month, and Lance's firm's latest trades.For everything that mattered to markets this week, watch this Market Recap.

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