S&P Drops Below 5000: How Much Farther Is It Likely To Fall?

S&P Drops Below 5000: How Much Farther Is It Likely To Fall? | Lance Roberts & Adam Taggart

Listen now

Description

Well, the relentless bull rally that began in November is over. Stocks fell hard this week, with the S&P breaking below 5000 on Friday. It's now down nearly 300 points from its all-time hit, which it hit just 3 weeks ago. How low is this pullback likely to go? Portfolio manager Lance Roberts and I discuss just that in this week's Market Recap, as well as sticky inflation, rising bond yields, lackluster retail sales and the dangerous warning the NFIB data is sending about jobs. And as usual, Lance shares the trades his firm made this week. For everything that mattered to the market, 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 #marketcorrection #bondyields #bearmarket

More Episodes

See all »

John Hussman: It Sounds Nuts, But Stocks Could Crash 50-70%

There's an old saying on Wall Street that "no one rings a bell at the market top" This is why so many surprised investors got so badly burned when the DotCom and 2008 stock bubbles burst. But those who noticed the extreme market conditions beforehand, whose analysis of history convinced them...

Published 06/27/24

Too-High Cost Of Living Is Destroying Consumer Confidence | Joanne Hsu

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...

Published 06/25/24

Thoughtful Money with Adam Taggart

Published 06/25/24