Cracks Starting To Show In The Market? | Lance Roberts
Premiered 4 hours ago Thoughtful Money (with Adam Taggart)
GET YOURSELF SOME LMNT, INCLUDING YOUR FREE 8-COUNT SAMPLE PACK, at https://drinklmnt.com/ThoughtfulMoney
Are cracks starting to show in the market?
The S&P has gone nowhere for two months now, and a momentum sell signal has just triggered.
It has also recently broken out of it's trading wedge...to the downside.
Are these signs that should worry investors a larger correction may lie ahead?
Or are there good reasons to expect a return to new all-time highs soon?
Portfolio manager Lance Roberts and I discuss the odds, as well as the sustainability of the AI trade, the most common ways retail investors self-sabotage their returns, and Lance's firm's latest trades.
For everything that mattered to markets this week, watch this Market Recap.
#marketcorrection #aistocks #technicalanalysis
0:00 – Picking up the AI trade discussion from last week
4:19 – AI earnings estimates rebound after last week’s dip
5:02 – Why positive EPS growth is what really drives markets (BCA Research data)
6:41 – Google’s blowout earnings: revenue, cloud, operating income & 34% margins
8:05 – Why Google stock still sold off (twitchy market & sell-the-news)
9:07 – Negative free cash flow explained: productive investment vs. distress
11:15 – Depreciation risk to future AI/hyperscaler earnings
13:40 – Hyperscaler free-cash-flow forecasts: 2026 dip then strong recovery
19:32 – High probability of a 5–10% correction & buying hyperscalers on dips
22:52 – Rising AI credit spreads: mostly an Oracle story, not Mag 7
27:34 – Invest on fundamentals, not headlines; match duration to your time horizon
29:42 – Real-world constraints that could slow AI data-center buildout
31:26 – Power grid as the primary AI bottleneck & need for public-private partnership
32:28 – Why midstream/pipelines remain a core long-term holding
45:08 – How much of the power/constraint risk is already priced in (~60–70%)
48:15 – Element electrolytes sponsor read
52:40 – Common retail-investor mistakes that cause chronic underperformance
53:40 – Hard data: trading frequency penalty, options losses & Dalbar statistics
1:02:25 – Five essential rules if you manage your own portfolio
1:10:07 – Weekly technical analysis: consolidation break & key support levels
1:13:15 – Momentum sell signal triggered & potential correction targets
1:15:40 – No new trades this week; portfolio diversification vs. semis concentration
1:19:31 – Thoughtful Money Fall Online Conference (Oct 17) details & early pricing
_____________________________________________
Thoughtful Money LLC is a Registered Investment Advisor Promoter.
We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.
We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.
All the details on Thoughtful Money's relationship with the financial advisors it endorses, many of whom regularly appear on this program, can be found in the following documents. We highly recommend you review these documents as they cover the terms that will apply should you choose to work with one of these firms at any time after watching this video.
Thoughtful Money Disclosure Document: https://thoughtfulmoney.com/disclosure
Thoughtful Money Agreement: https://thoughtfulmoney.com/agreement
IMPORTANT NOTE: There are risks associated with investing in securities.
Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.
A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.
Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.
Copyright © 2026 Thoughtful Money LLC. All rights reserved.
How this was made
Auto-dubbed
Audio tracks for some languages were automatically generated. Learn more
Chapters
View all
Explore the podcast
Thoughtful Money (with Adam Taggart)
660 episodes
Thoughtful Money (with Adam Taggart)
Adam Taggart | Thoughtful Money®
Podcasts
Transcript
Follow along using the transcript.
Show transcript
Adam Taggart | Thoughtful Money®
184K subscribers
Videos
About