Thoughtful Money with Adam Taggart Adam Taggart | Thoughtful Money

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

The Dow just had its best week of 2024.

And the S&P remains on a tear higher from its mid-April lows.

As a result, looking at short-term conditions, stocks have quickly returned to overbought conditions, says portfolio manager Lance Roberts.

It's likely they'll have a cooling off period over the coming week or two.

Expect a retest of the 50 daily moving average. If that holds, that's a very bullish sign that new all-time highs may not be that far away.

Lance and I walk through the charts, as well as discuss the late-breaking consumer sentiment and jobs data, the wisdom of Freddie Mac's proposal to enter the home equity market, and, of course, his firm's latest trades.

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



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#investing #stocks #jobsreport

A few days ago, an article appeared in the Financial Times revealing that "Last month, the government-sponsored mortgage finance agency Freddie Mac filed a proposal with its regulator, the Federal Housing Finance Agency, to enter into the secondary mortgage market, otherwise known as home equity loans"

The article's author, Meredith Whitney, claims that if approved, this "could begin to unleash almost $1tn into consumers’ wallets. By the autumn, it could be on its way to $2tn."

That would be a tremendous stimulus to the economy.

But is it a good idea?

Putting aside for a moment concerns of its potential inflationary impact, the Global Financial Crisis was a credit crisis triggered by bad housing loans.

Would allowing the government-sponsored entities like Freddie Mac to unleash a flood of new loans risk repeating the sins of the past?

For answers, we're fortunate to turn to mortgage lending expert & housing analyst Melody Wright.



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#housingmarket #homeequity #mortgageloans

Today's guest expert just released a warning that the official jobs data reported by the government are "overstated by historical proportions"

And when the downward revisions get released, it will shock both the Federal Reserve and the financial markets.

For the details on this, we turn to the man who wrote the report, highly-respected economist & award-winning researcher David Rosenberg, founder & president of Rosenberg Research.

Visit David at https://www.rosenbergresearch.com/



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#jobs #recession2024 #interestrates