Thoughtful Money with Adam Taggart

Chance Finucane, Chief Investment Officer at Oxbow Advisors, offers a concise portfolio-minded perspective. He discusses stretched price-to-free-cash-flow in big tech and the risk of AI-driven capex. He outlines rotation away from mega-cap winners, a 30-30-30-10 framework, commodity and energy opportunities, and disciplined risk management including trimming winners and using stops.

Danielle DiMartino Booth, former central bank analyst and founder of QI Research, explains why cracks at the top of the K-shaped economy could matter. She discusses weakening spending by the wealthy, risks from credit stress and refinancing, rising job losses and shelter disinflation. She also covers market rotation, gold volatility, and defensive trades to consider.

Jesse Felder, macro analyst and founder of The Felder Report, warns stocks may face a nasty surprise as the dollar weakens and foreign capital withdraws. He contrasts retail mania and leverage-driven market distortions with a bullish outlook for commodities, especially oil and gas. He highlights energy underinvestment, geopolitical supply risks, and a defensive barbell of cash plus real assets.

David Hay, founder and former CIO of Evergreen Gavekal and author of the Haymaker newsletter, warns of a little-noticed risk: massive foreign repatriation out of U.S. assets. He discusses dollar breakdowns, shifting capital flows, and why commodities, metals, and international markets may surge. Short, sharp takes on technical breakouts, country-specific catalysts, and where opportunities could appear.

Lance Roberts, portfolio manager and macro-focused market analyst, shares his risk-centered take on recent market action. He discusses the breakdown from a tight trading range and the odds of a risk-off reset. Conversation covers AI stock froth, valuation measures like PEG, sector rotations (notably energy), technical breakdowns in the S&P, and the volatile moves in gold and silver.

Michael Oliver, technical analyst and founder of Momentum Structural Analysis, explains why silver and gold just broke out. He outlines momentum and spread-chart signals driving flows into metals. He discusses the chance of sharp pullbacks, why $300–$500 silver is plausible, miner repricing potential, and broader commodity upside. Practical hedging and bullion holding ideas are also covered.

Mark Newton, Fundstrat’s head of technical strategy and veteran market analyst, warns of a likely 15–20% S&P pullback this year. He explains cycle-driven timing for a choppy spring and Q3 correction. He highlights sector rotation into energy, materials and industrials, and discusses tactical hedges, plus the technical backdrop for gold, silver and commodities.

Rick Rule, veteran natural resource investor who built events like the Rule Symposium, shares sharp takes on oil and gas. He explains why underinvestment and cyclical lows set up big supply-driven opportunities. He discusses limits of U.S. shale, gas as a peaking fuel for data centers, valuation bargains in majors, and where disciplined investors might look within the sector.

Lance Roberts, portfolio manager known for macro and valuation-focused analysis, weighs in on market risks and extreme valuations. He discusses the consequences if corporate earnings guidance disappoints and how far stocks might fall. They also cover silver’s surge above $100, the role of ETFs and margin debt in fueling speculation, and opportunities in commodities and energy stocks.

George Gammon, a financial educator and content creator, shares insights into the economic landscape for 2026. He discusses the divergence between GDP and labor data, questioning whether AI productivity can sustain growth amid job market weakness. Gammon examines the implications of wealth concentration and asset prices on the economy, while revealing his strategic views on precious metals and uranium investments. Expect a deep dive into market dynamics, risks, and opportunities as he navigates the complexities of today's financial environment.