Thoughtful Money with Adam Taggart Adam Taggart | Thoughtful Money

If you listen to the politicians and the headlines, you'll hear a lot of talk about the "strong consumer" who is keeping the economy happily chugging along.

But when we hear from actual consumers themselves, we hear a very different story. The majority of households are struggling under the surge in their cost of living post-COVID. Many express despair that the American dream is now beyond their reach.

For a detailed dive into this critical topic, we're fortunate today to speak with Joanne Hsu, director of the widely-followed University of Michigan's consumer sentiment survey.

The UMich data indeed shows that a growing majority of Americans are giving up hope they'll ever be able to afford a middle class lifestyle.

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com

#consumersentiment #consumerconfidence #costofliving

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The purchasing power of the world's major fiat currencies has taken a beating since the pandemic.

Just in the US, due to the spike in inflation, Truflation now estimates that the dollar has lost over a quarter of its purchasing power since January 2020.

Due to this higher inflation, as well as continued expectations for higher secular inflation over the coming years as globalization declines, nations reshore supply chains and increasingly compete for global commodities, some of which are due for supply shortages -- it's no surprise that more investors are looking increasing towards owning hard assets as a hedge.

So what are the most important trends and opportunities in hard assets right now?

To find out, we have the good fortune to talk with Rick Rule, perhaps the most seasoned & respected natural resources investor alive today.

Register for Rick's upcoming Symposium on July 7-11, 2024 at https://thoughtfulmoney.com/rule

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com

#commodities #goldprice #inflation

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With stocks still firmly in overbought territory and the uncertainty of the US presidential election nearing, portfolio manager Lance Roberts warns "We're due for a correction"

He expects a 5-10% pullback in the near term. And perhaps a slightly larger drop leading up to November as Wall Street de-risks ahead of voting.

Lance and Adam review the latest chart technicals, whether Japan’s Norinchukin Bank and it's announced liquidation of its US Treasury portfolio poses a risk to bond market, the dangers of private investing, and the worrying extent to just how far the S&P 500 is trading above historical valuation averages.

For everything that mattered to markets, watch this week's Market Recap.

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com

#stockmarketcorrection #Norinchukin #marketcorrection

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When asked last month if the US economy was heading into stagflation, Fed Chair Jerome Powell said he didn't see the "stag" nor the "flation" in the data he looks at.

Well, US Q2 GDP growth estimates as forecasted by the Atlanta Fed's GDP Now service are plunging.

And Q1's weak reported GDP growth rate of 1.6% was revised further downwards to a paltry 1.3%
That's some "stag" right there.

And CPI remains quite sticky at 3.3%, solidly higher than it was 9 months ago. So that's some "flation"

To learn how to protect the purchasing power of your wealth in an increasingly stagflationary environment, we're fortunate to be joined today by Matt Piepenburg of Von Greyerz Gold.

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com

#debt #goldprice #currency

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So far this year, the top 10 stocks in the S&P 500 have accounted for more than 76% of the index's gain.

This is the 2nd most concentrated reading for the S&P in the past 20 years. The highest percentage was 79%, achieved in 2007, right before the Global Financial Crisis.

Are we in a new AI-powered Tech renaissance that will continuing powering the markets higher for years to come?

Or are we risking a major market breakdown, putting all our hopes in a handful of companies that can't keep growing at the meteoric rates that Wall Street is expecting?

For answers, we're fortunate today to speak with Fred Hickey, editor of the highly respected newsletter The High Tech Strategist, which Fred has been publishing since 1987.

Fred is extremely worried about the lack of demonstrable return-on-investment from the hundreds of $billions currently being spent on generative A.I.

In his estimation, the tremendous valuations currently being awarded to A.I.-related stocks is on par with the infamous Dutch tulip and South Sea manias. He predicts the current situation will end as painfully as those asset bubbles did.

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com

#nvdia #aapl #artificialintelligence

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Well, the markets are back at all-time highs and central banks around the world are increasingly talking of interest rate cuts...or actually making them.

Will that take asset prices even higher from here?

Are we in a new golden era for stocks?

To find out what the technicals are telling us, as well as to dig into the macro side as well, we're fortunate to speak today with Sven Henrich, technical analyst and publisher of NorthmanTrader.com.

Sven thinks we are at an important juncture, technically-speaking. Either a material correction is going to happen...or we're at the start of a much bigger bull run than we've seen so far. One potentially big enough to send the S&P to 9000 by 2028(!)

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com

#technicalanalysis #bullmarket #stocks

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