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Portfolio manager Lance Roberts & Wealthion host Adam Taggart discuss how stocks are oversold in the short term but very overvalued in general, while bonds appear oversold but very undervalued.
Debt overhangs & runaway fiscal deficits are likely to drag down economic growth and stocks & bonds over the coming decade, even though in the immediate terms, a brief bounce in the markets is likely.
Ed Yardeni, the investment strategist who coined the term “bond vigilantes” back in 1983 declares they are back & responsible for the painful recent rise in bond yields. Specifically, Ed thinks concerns about the high degree of deficit spending & increase in supply of US Treasurys is what has awakened them from their decades-long slumber.
Portfolio manager Lance Roberts explains why, despite the potential for stocks to rally into year end, next year may indeed be the time when the lag effect catches up with the economy and we plunge into a recession + a bear market.
Disruptive change is everywhere these days.
According to todays guest expert, there is a rare and powerful trend occurring in bond markets.
Macro & markets analyst Darius Dale returns for Part 2 of our interview with him. Darius thinks stocks could run up through the rest of the year, and bonds fall, before these trends reverse in H1 2024 as a recession finally arrives.
There are only 3 months left in 2023.
With interest rates higher than they’ve been in over 20 years, many analysts and economists have expected the economy – and then the markets – to buckle under the higher cost of debt. After all, we have 6x the total public debt as we did that last time interest rates were this high.