Thoughtful Money with Adam Taggart Stocks So Euphoric A Pullback Is Likely Soon | Lance Roberts & Adam Taggart
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Dec 7, 2024 
Lance Roberts, a savvy portfolio manager, shares insights on the current stock market's euphoric state. He delves into the Euphoriaometer's revealing data, predicting a likely short-term pullback. Discussion revolves around technical indicators for the S&P, the shifting market sentiment, and potential recession fears. They highlight the risks of speculation, especially with leveraged ETFs, and the role of Bitcoin in market sentiment. Roberts emphasizes the importance of risk management and the cyclical nature of markets as investors look ahead to year-end adjustments.
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Record Euphoria
- Current stock market euphoria is at record levels, according to the Euphoria Meter.
- This meter combines forward P/Es, the VIX, and bullish sentiment.
Declining Recession Expectations
- Recession expectations are declining, similar to the period before the 2020 recession.
- This aligns with Bob Farrell's rule that when experts agree, the opposite often happens.
Client Event Anecdote
- At a recent client event, attendees expressed high satisfaction with portfolio returns.
- Lance Roberts cautioned them, anticipating increased volatility and lower returns next year.