Thoughtful Money with Adam Taggart

Michael Pento, President of Pento Portfolio Strategies, shares his insights as a savvy money manager using a unique 20-point model. He predicts significant declines in both stock and home prices, attributing this to liquidity concerns and economic uncertainties. Pento discusses the implications of tariffs on growth, the risks of transitioning to stagflation, and the importance of active investment management. He emphasizes gold and cash as safer assets in turbulent markets, while urging caution, especially for those nearing retirement.

Stephanie Pomboy, a macroeconomic expert, shares her sharp insights on the alarming signs of stagflation and persistent inflation in today’s economy. She highlights concerning GDP revisions and the drop in consumer spending, especially in the pet industry. Pomboy discusses the disconnect between a thriving stock market and poor consumer sentiment, cautioning against potential financial market corrections. With geopolitical dynamics shifting, she also explores gold's resurgence as a safe investment and the complexities of trading in these volatile times.

In this engaging discussion, Jeffrey Sachs, a renowned Columbia University economist and expert in sustainable development, delves into pressing financial issues. He argues that current deficit spending demands urgent tax increases to secure future prosperity. Sachs analyzes the global economy's vulnerabilities, highlighting the impact of AI on jobs and the necessity for innovative fiscal policies. He also contrasts America's potential against global competitors, emphasizing the importance of collaboration and strategic planning in achieving long-term societal benefits.

Lance Roberts, a seasoned portfolio manager, shares his insights on the roller-coaster week for the markets, from stock sell-offs to end-of-week rallies. He discusses the chilling investor sentiment fueled by recession worries and falling consumer confidence. The conversation dives into bond market trends, the impact of speculative trading, and potential investment strategies amid uncertainty. Additionally, Lance sheds light on navigating market volatility and the interplay between asset classes, offering valuable advice for cautious investing.

In this engaging conversation, Tavi Costa, a macro and commodities expert at Crescat Capital, warns about the impending decline of the US dollar and its far-reaching effects on global markets. He discusses how a weakening dollar could negatively impact US stocks while presenting unique investment opportunities in undervalued assets, particularly in commodities and emerging markets. Tavi also emphasizes the strategic positioning of gold and silver mining against a backdrop of high stock valuations and market volatility, urging investors to navigate these changes with caution.

Chance Finucane, Chief Investment Officer at Oxbow Advisors, discusses alarming stock market valuations that suggest prices won't meet profit growth expectations. He explores the need for cautious investment strategies, emphasizing the shift toward safer asset classes. The conversation also covers the implications of a weakening dollar on commodities like gold and energy, while advocating for a more diversified portfolio beyond the traditional 60-40 model. Finucane offers practical tips for navigating financial volatility and maximizing long-term investment resilience.

Michael Every, a Global Strategist at Rabobank, discusses how rising nationalism and protectionism are reshaping the global economy. He explores the disconnect between traditional market metrics and the new geopolitical landscape, emphasizing investment opportunities amidst uncertainty. Every examines the shift from globalization, the implications of the Russia-Ukraine conflict, and the role of sovereign wealth in national security. He also highlights the necessity for strategic partnerships and the impact of mercantilist thinking on future investment strategies.

Lance Roberts, a seasoned portfolio manager known for his sharp market insights, dives into the unrealistic earnings expectations for 2025. He warns of a likely market correction due to these inflated forecasts. The discussion touches on Walmart's recent disappointments and the shrinking consumer confidence. Roberts analyzes the complex links between tariffs, profits, and inflation, and how they're affecting corporate health. He also shares strategies for navigating current market volatility and highlights the significance of gold and bond market trends.

John Lodra and Mike Preston, lead partners at New Harbor Financial, delve into the bullish outlook for stock prices and explore investment strategies amid market volatility. They discuss the promising potential of gold and mining stocks, emphasizing gold as a hedge against inflation and economic uncertainty. The duo also addresses concerns about job security, offering advice on emergency planning. Their analysis on treasury bills highlights dynamic risk-return strategies, providing crucial insights for savvy investors.

Cameron Dawson, Chief Investment Officer at NewEdge Wealth, returns to share her sharp insights on market dynamics. She discusses the potential impacts of a declining stock market on U.S. consumer spending and the intricate relationship between inflation and GDP growth. Dawson delves into the risks associated with high yields and the significance of leveraging ratios in corporate profits. With a focus on asset allocation strategies and the role of alternative assets, she emphasizes turning market volatility into opportunity while navigating economic uncertainties.