Thoughtful Money with Adam Taggart Adam Taggart | Thoughtful Money

After a blowout Q1, stocks swooned in April, raising concerns the bull rally had ended.

Nope.

The bulls returned in May and as of this recording, the S&P, the Dow and the NASDAQ are all trading at all-time-highs.

Wall Street is confident, the financial media is downright gleeful, and the market momentum has a lot of tailwinds behind it right now.

But...there are headwinds, too.

Which will win out as we head closer to the uncertainty of the November elections?

For perspective, we're fortunate today to talk with Cameron Dawson Chief Investment Officer at NewEdge Wealth.

Cameron thinks that markets still have room to run here. But she warns that if the Fed starts cutting rates later this year, it may have the OPPOSITE effect of what investors are hoping for.



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#interestrates #ratecuts #investing

While the official unemployment rate remains at a low 3.9%, there is an epidemic in the US and other Western countries of men -- and now increasingly women -- without work.

These are millions of otherwise able-bodied working age adults who have given up on finding work, often driven to do so out of frustration and despair. It's gotten to the point where 1 in 6 prime working age men has no paid work at all.

What is causing this?

And what can be done about it?

Because when an increasing percentage of your prime working age population stops contributing to economic productivity, not only do they suffer the consequences of diminished prosperity -- we all do.

For a deep dive into this pressing crisis, we're fortunate to speak today with Nicholas Eberstadt, the Henry Wendt Chair in Political Economy at the American Enterprise Institute and author of the book Men Without Work.

Get Nicholas' book here: https://www.amazon.com/Men-Without-Work-Americas-Invisible/dp/1599474697

Follow Nicholas at https://aei.org/



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#unemployment #jobs #depression

Three week's ago, the S&P had fallen below 5,000 and Wall Street was worried the party in stocks might be over.

Nope.

Stocks rebounded and, as of today, the S&P, Dow, and (almost) NASDAQ sit at all-time highs.

Technically, it looks like the bull trend is set to continue says portfolio manager Lance Roberts, especially with $1 trillion of announced buybacks set to flow into markets through the rest of the year. Though stocks have moved so far so fast that a short-term pullback is quite likely.

Lance and I discuss what's driving the current stock surge, the signs he's monitoring to sense when it may be ending, Warren Buffett's latest warning to investors, and Lance's firm's latest trades.

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



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#investing #bullmarket #stockbuybacks

When today's guest appeared for the first time on this channel a few months ago, a start was born.

Those who hadn't yet heard of Danielle Park were impressed by both her command of the macro data and her unflinching courage to call things as she sees them.

She highlighted a number of concerns about the trajectory of the economy and markets back then -- and today we check back in with her to see whether things have improved...or gotten worse?

Well, Danielle thinks they're "worse".

Stress cracks in the economy are now much more clearly visible.

And the markets? While they're currently being driven to new highs by "madness" (see: Gamestop), investors hoping for rate cuts may indeed get them. But history shows that stocks fall, often hard, during rate cut regimes.

So investors better be careful what they wish for. And they'd better be prepared. Too many are too long and too confident right now.

To hear how she's positioning client capital right now, watch this video.

Follow Danielle on X/Twitter at @kdaniellepark, on her daily blog at https://jugglingdynamite.com/, or at her website at https://www.venablepark.com/



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#debt #recession #interestrates

Many of the recent housing analysts I've talked with, like in last week's excellent interview with mortgage expert Melody Wright, see tougher times ahead for the real estate market.

So for further context, I thought it would be helpful to get a true "boots on the ground" view from one of America's more successful property investors.

What is he seeing across the thousands of property units in his portfolio?

Is he buying, selling, or holding steady given current market conditions?

And where does he see the housing market headed from here?

For answers, we turn to Ken McElroy, founder and CEO of real estate investment and property management firm MC Companies.



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#realestateinvesting #housingmarket #homeprices

It feels like a tale of two economies right now.

If you ask an economist, chances are you'll hear that the US is doing great, growing faster than its G7 peers, with low unemployment and a stock market back near all-time highs.

But if you ask the average man on the street, you'll likely hear a very different story.

One of hardship, where wages aren't keeping up with the massive spike in cost of living, where companies are reducing hours, freezing hiring or actively laying workers off, and households are increasingly forced to turn to expensive credit cards to fund living essentials.

Which of these is more accurate?

And are things likely to get better or worse from here?

For an expert view, we're lucky today to talk with Stephanie Pomboy, economic and market analysis and proprietor of MacroMavens.com

Follow Stephanie at https://macromavens.com/



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#inflation #deflation #recession