69 min listen
Did The Santa Claus Rally Already Happen? Pullback Likely Ahead | Lance Roberts & Adam Taggart
Did The Santa Claus Rally Already Happen? Pullback Likely Ahead | Lance Roberts & Adam Taggart
ratings:
Length:
94 minutes
Released:
Dec 9, 2023
Format:
Podcast episode
Description
With such a massive run-up in stocks and bonds in November, should we still expect a Santa Claus rally in the markets this month? Or did it already happen?
Portfolio manager Lance Roberts thinks that may be the case, or if we do get one, it will be quite mild. Unless a pullback happens soon, which Lance thinks is quite possible. He's reducing his long exposure and waiting for a pullback at this point.
In this week's market recap, Lance and I talk about the strong correlation between financial asset prices and net liquidity. For much of this year, "stealth" liquidity from sources like the BTFP, the Reverse Repo program, and fiscal deficit spending have helped buoy stocks to near record highs. Will that continue in 2024?
We also talk about the odds for recession risk, which are becoming cloudier. Experts are now quite divided on the matter. With such uncertainty, how should an investor consider positioning their portfolio? Lance shares how he, as a capital manager clients, is doing so now.
SUBSCRIBE to Adam's new Substack at https://adamtaggart.substack.com/ to get Adam's Notes for all the recent experts who have appeared on this channel
#recession #bonds #liquidity
Portfolio manager Lance Roberts thinks that may be the case, or if we do get one, it will be quite mild. Unless a pullback happens soon, which Lance thinks is quite possible. He's reducing his long exposure and waiting for a pullback at this point.
In this week's market recap, Lance and I talk about the strong correlation between financial asset prices and net liquidity. For much of this year, "stealth" liquidity from sources like the BTFP, the Reverse Repo program, and fiscal deficit spending have helped buoy stocks to near record highs. Will that continue in 2024?
We also talk about the odds for recession risk, which are becoming cloudier. Experts are now quite divided on the matter. With such uncertainty, how should an investor consider positioning their portfolio? Lance shares how he, as a capital manager clients, is doing so now.
SUBSCRIBE to Adam's new Substack at https://adamtaggart.substack.com/ to get Adam's Notes for all the recent experts who have appeared on this channel
#recession #bonds #liquidity
Released:
Dec 9, 2023
Format:
Podcast episode
Titles in the series (100)
2024 "Going To Be A Lot Worse" For Markets As Tech Stocks Implode | Fred Hickey by Thoughtful Money with Adam Taggart