Latest / Thoughtful Money with Adam Taggart
Extended, Overbought Market Likely To "Cool Its Heels" Soon | Lance Roberts & Adam Taggart
It's been a week to remember for stocks... After the S&P, the Dow and the NASDAQ each hitting all-time highs earlier this week, Nvidia blew past expectations on both revenue and earnings, eclipsing $2.5 trillion in market value. The bulls are feeling large & in charge as a result, though stocks may take breather soon -- as signaled by Thursday's bloodbath in the markets despite Nvidia's big beat. Portfolio manager Lance Roberts sees stocks as extended and overbought in the near term, and expects a "cooling off" period to happen soon. We discuss the reasons why, as well as recession risk, the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.