'Markets Are Very Very Overbought, We're Going To Have A Pullback' | Lance Roberts

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May 24, 2025

Lance Roberts, a portfolio manager and bond strategist renowned for his market insights, warns of an imminent stock market pullback. He discusses the overbought market conditions and shares predictions on bond yields and their implications. The conversation covers the housing affordability crisis, the impact of rising interest rates, and recent shifts in investment strategies. Lance also reveals the sale of his firm's major tech position, emphasizing the need for risk management and opportunistic buying in fluctuating markets.

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INSIGHT

Market Overbought; Pullback Likely

The market is very overbought in the near term, making a pullback highly likely.
A correction is necessary to rebalance before the market resumes an uptrend.

INSIGHT

Retail Investors Outsmarting Professionals

Monthly retail investors heavily buying amid dips have been smarter than professional managers in recent years.
Professionals often hedge or raise cash later than retail, indicating a delayed reaction.

ADVICE

Play Market Swings with Cash

Manage portfolios by playing swings: buy when oversold, sell when overbought.
Hold cash during rallies to buy lower during pullbacks for better portfolio performance.

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Stocks are very overbought in the near term, given how far they've rebounded in recent weeks, warns portfolio manager Lance Roberts.So he thinks a pullback is highly likely here.In fact, it may already have begun.We discuss how low it may go, as well as how high bond yields may go, the impact of the "Big, Beautiful Bill" that just passed in the House, and Lance's firm's recent trades (spoiler alert: he just sold 100% of a Mag 7 position)For everything that mattered to markets this week, watch this videoWORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com#bonds #marketcorrection #taxcuts _____________________________________________Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2025 Thoughtful Money LLC. All rights reserved.