The Real Investment Show Podcast

Bitcoin and cryptocurrencies are once again at the center of investor debate—but for very different reasons than past cycles. Lance Roberts and special guest, DeFi Development Corp's COO, Parker White, examine what's been happening beneath the surface of the crypto market, including the growing divide between older and younger Bitcoin cohorts and the increasing fractionalization of crypto ownership. Is Bitcoin's volatility evolving in a way that allows it to function as a portfolio diversifier, especially when compared to traditional hedges, like gold? What is its potential role in an all-weather portfolio? With 2026 shaping up as a potential "catch-up trade" year, we also address why altcoins continue to lag—and whether they still have a place in diversified portfolios. The discussion then turns to regulation and transparency. Would clearer rules improve market stability and adoption? We break down recent U.S. legislative efforts focused on stablecoins, crypto market structure, and blockchain innovation—while offering a critical assessment of their strengths and limitations. We also examine real-world blockchain use cases, including foreign remittances, stablecoin payments, and the tension between volatility and utility in global adoption. Lance and Parker address the practical side: how investors think about accessing and storing digital assets—and why protecting software developers and open-source innovation remains a foundational issue for the future of blockchain technology. This episode is designed to move beyond hype and headlines and focus on where cryptocurrency may—or may not—fit within a disciplined investment framework. 0:00 - INTRO 0:50 - Meet Parker White 2:06 - What's been going on lately with Bitcoin? 4:50 - Older & Younger Bitcoin Cohorts 6:37 - Is the cryptocurrency market becoming fractionalized; how does this affect volatility? 12:12 - Can Crypto become a diversifier in volatility? 13:13 - Why investors shy away from Bitcoin/Cryptocurrency 14:01 - Comparisons with Gold 15:34 - Bitcoin in All-Weather Portfolio 17:04 - 2026: The Year of the Catch-up Trade 19:53 - The relative poor performance of altcoins: What's their place in a portfolio? 22:12 - Would the Cryptocurrency market do better with more regulation? Better transparency 25:46 - How to buy & store cryptocurrencies 29:40 - The Viability of the Blockchain - volatility vs utility & global adoption 31:30 - Blockchains & Foreign Remittances 33:11 - Paying bills w Stablecoin 40:59 - The Genius Act & Stablecoin - Dollars still the dominant trading asset 43:42 - The Clarity Act - provides regulatory guidelines for the crypto industry Critiquing the Acts 44:51 - The One Thing - making sure software developers have 1st Amendment protection Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Parker White, COO/CIO, DeFi Development Corp Produced by Brent Clanton, Executive Producer ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=D4roSFzE3Ww&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Watch our previous show, "The Hardest Part of Legacy Planning - Starting the Conversation" here: https://www.youtube.com/live/Loe7qu06Ack -------- The latest installment of our new feature, Before the Bell, "Markets Stall at Resistance - Volatility Ahead?" is here: https://www.youtube.com/watch?v=8EviI_k5gb8&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #Bitcoin #Cryptocurrency #CryptoRegulation #PortfolioDiversification #DigitalAssets #ParkerWhite

Most people think the hardest part of legacy planning is legal documents, estate taxes, or complex strategies. In reality, the most difficult part is much simpler—and more uncomfortable: starting the conversation. Richard Rosso and Jonathan McCarty discuss why these conversations are so difficult, why avoiding them creates greater risk for families...and offer a starting point solution. 0:00 INTRO 0:19 - Punxsutawny Ted Cruz & Texas Winters 1:47 - The Hardest Part About Legacy Planning 3:20 - When You Have Kids... 5:57 - The Basics of Health Directives 7:25 - The Five Wishes process 10:25 - Wish-1 - Who Makes Healthcare Decisions for You? 14:29 - Wish-2 - What Kind of Care? 17:10 - Organ Donation & EOL Planning 20:45 - Wish-3 - How Comfortable to You Want to Be? 21:28 - Wish-4 - How Do You Want People to Treat You? 23:15 - Wish-5 - What I Want Loved-ones to Know 25:43 - A Wealth of Knowledge at AgingWithDignity.org 29:03 - How to Have The Conversation 33:57 - Do Trust or Not to Trust? 36:16 - YouTube Chatroom Comments Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP, w Senior Investment Advisor, Jonathan McCarty, CFP Produced by Brent Clanton, Executive Producer ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=D4roSFzE3Ww&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Watch our previous show, "It's Q&A Day — and (almost) anything goes" here: https://www.youtube.com/live/jFDHVzdwNdo -------- The latest installment of our new feature, Before the Bell, "Markets Stall at Resistance - Volatility Ahead?" is here: https://www.youtube.com/watch?v=8EviI_k5gb8&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #LegacyPlanning #EstatePlanning #FamilyConversations #FinancialEducation #LifePlanning #FiveWishes

Betting markets are increasingly pointing to Kevin Warsh as a potential successor to Jerome Powell, with Kevin Hassett expected to remain in his White House role under Donald Trump. Which begs the question: What would a Warsh-led Federal Reserve actually bring to markets? Lance Roberts & Michael Lebowitz explore the possibilities of a Warsh Fed: Would such likely be more tolerant of volatility, rely less on emergency interventions, and place greater emphasis on valuation, fundamentals, and disciplined policy rules? 0:00 INTRO 0:18 - Earnings, Economics, & Imminent Greenland Deal 2:48 - Markets Break Trendline - Look for Volatility 8:22 - Greenland, Denmark, & Danish Bonds 15:10 - What the Media Doesn't Say About Bond Auctions 17:14 - Texas Winter & Nat Gas Futures 20:32 - Warsh vs Wallace as Fed Head 23:58 - Keep an Eye on Rick Rieder 26:14 - The Marriage of Blackrock & The Fed 27:52 - Markets are Driven by the Wrong Things 31:12 - The Reflation Narrative 34:29 - Speculation, ETF's & Fighting for the same Dollars 39:05 - The Gamification of Markets 41:29 - The Importance of Risk Management 45:00 - End of the 1st Half of the Secular Period Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Portfolio Manger, Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=D4roSFzE3Ww&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Watch our previous show, "It's Q&A Day — and (almost) anything goes" here: https://www.youtube.com/live/jFDHVzdwNdo -------- The latest installment of our new feature, Before the Bell, "Markets Stall at Resistance - Volatility Ahead?" is here: https://www.youtube.com/watch?v=8EviI_k5gb8&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketVolatility #TechnicalAnalysis #SP500 #RiskManagement #InvestingStrategy #FederalReserve #KevinWarsh #MarketVolatility #MonetaryPolicy #RiskManagement

Markets are continuing to digest the recent break below the rising trendline, which has now turned into overhead resistance. Wednesday's rally attempt stalled precisely at that level before selling pressure resumed. Momentum remains on a sell signal, suggesting near-term upside could stay limited, and a bit more volatility would not be surprising over the next several sessions. Importantly, buyers are still present, waiting for better entry points. This is why reacting emotionally to a single down day can be costly. Let price action confirm whether there is real follow-through or simply short-term noise. Stop placement also matters here—algorithmic trading thrives on predictable behavior. From a technical perspective, the 50-day moving average remains active support. Markets are still technically oversold enough to allow for another rally attempt, but a MACD buy signal must first replace the current sell signal. Resistance near 7,000 remains a key hurdle. If markets can decisively clear that level, the next upside target becomes 7,100. Looking ahead, several potential catalysts loom. The heart of earnings season arrives over the next two weeks, followed by the resumption of stock buybacks and insider activity. For now, patience is critical. Let markets reveal where buyers are stepping in and how algorithms are positioning. Conditions remain orderly, trading remains constructive, and there is no need for aggressive portfolio changes based on one day's action. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer --- Watch the Video version of this report on our YouTube channel: https://www.youtube.com/watch?v=8EviI_k5gb8&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketVolatility #TechnicalAnalysis #SP500 #RiskManagement #InvestingStrategy

Lance Roberts & Danny Ratliff tackle questions directly from our YouTube chat, addressing financial issues you're most concerned about right now. From market volatility and rising bond yields to Federal Reserve policy, portfolio risk, and retirement planning — nothing is off the table. 0:00 INTRO 0:18 - Davos Headlines & Earnings Season Continues 3:14 - Markets Sell-off 8:28 - Weekend Review & Open Q&A 9:29 - How High Can 10-Year Treasury Yields Get? 13:45 - The De-Globalization Myth Debunked 17:00 - Focus on Total Returns at 71? 20:49 - How Do You Lower Taxes in Retirement? 23:59 - We Need More Value in Our Money 28:32 - Will Roth Rules Ever Change? 32:30 - Is Lance Bullish or Bearish? 33:56 - The Government is Not Broke 36:05 - Means Testing & High Tax States for Roth 38:00 - UGMA Investing for Kids 40:07 - Investing for 6-year Olds 42:54 - Risk Management for Young People 44:48 - Gold, Silver, & Fiat Currency Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Senior Financial Advisor, Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/live/jFDHVzdwNdo ------- Watch our previous show, "Is a House Still a Good Investment in 2026?" here: https://www.youtube.com/watch?v=Su5euJk8tsc&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- The latest installment of our new feature, Before the Bell, "No Time to Panic" is here: https://www.youtube.com/watch?v=xhqZo9IvXTs&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketVolatility #StockMarketToday #MarketCorrection #RiskManagement #InvestingDiscipline #InvestorQandA #MarketVolatility #FederalReserve #RetirementPlanning #PortfolioRisk

Markets broke lower on Tuesday, falling out of a consolidation wedge after weekend headlines reignited policy uncertainty. In the process, the market violated multiple technical support levels at once—including the 20-day and 50-day moving averages—triggering a short-term momentum sell signal and increasing volatility. While the downside move erased several layers of support in a single session, this is not the time for panic selling. Markets quickly shifted from overbought to oversold conditions, and history shows that moving-average violations are often followed by sharp reflex rallies. Chasing stops after the fact can lead investors to sell at precisely the wrong time. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer --- Watch the Video version of this report on our YouTube channel: https://www.youtube.com/watch?v=xhqZo9IvXTs&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketVolatility #StockMarketToday #MarketCorrection #RiskManagement #InvestingDiscipline

Is buying a house still a good investment—or has the market pulled too much future return forward? Lance Roberts & Jonathan Penn break down the housing investment debate through a time-horizon lens, comparing housing to stocks, examining historical "win rates," and explaining why transaction costs, leverage, and holding period matter far more in real estate than most buyers realize. 0:00 INTRO 0:19 - Moving into the Heart of Earnings Season 5:36 - Markets' Price Consolidation Breaks to the Downside 9:51 - Lance & Jonathan's Weekend Recap 11:36 - Collegiate Investors - Be Careful of Risk 16:35 - Don't Invest Your Student Loan Money! 18:40 - Buying a House for Rental or Residence? 21:13 - It's Always Something 23:32 - Housing - Net Worth or Liability? 26:34 - Fitting a House into a Financial Plan 27:48 - HELOC & Reverse Mortgages 28:53 - Do You Really Need to Own a Home? 30:25 - The Housing Supply - Demand Paradox 34:11 - Beware Creative Financing 38:33 - The Peace of Mind in Renting 40:10 - The True Cost of Home Ownership 42:38 - Proper Planning for Home Purchase 46:31 - Yard Plants & Money Trees Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Senior Financial Advisor, Jonathan Penn, CFP Produced by Brent Clanton, Executive Producer ------- You can read Michael Green's blog, "Yes...I Give a Fig," here: https://www.yesigiveafig.com/ ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=Su5euJk8tsc&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Watch our previous show, "The Metric that Matters - The Michael Green Interview" here: https://www.youtube.com/watch?v=TQSiR6fxLGg&list=PLVT8LcWPeAuhi47sn298HrsWYwmg8MV7d&index=1 -------- The latest installment of our new feature, Before the Bell, "Short-term Volatility Ahead," is here: https://www.youtube.com/watch?v=KS2mSWm16qg&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketVolatility #StockMarketUpdate #RiskManagement #MarketPullback #InvestorDiscipline #HousingMarket #RealEstateInvesting #HomeBuying #FinancialPlanning #InvestmentRisk

Markets are breaking down from a rising wedge pattern, triggering a short-term momentum sell signal. Downside targets include the 50-DMA near 6,810 and the 100-DMA around 6,720—both important support levels to monitor. A 2–5% pullback is not unusual and is part of the normal investing process. While selling pressure may continue for a few sessions as sellers move lower to meet buyers, this does not signal the start of a major market downturn. Tariff headlines may create short-term noise, but they do not materially alter forward earnings expectations for major U.S. companies or the broader economic outlook. This is why disciplined risk management—rebalancing, taking profits, and avoiding knee-jerk reactions—matters most during periods of volatility. Let the market work through the move, then reassess positioning once price action provides confirmation. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer --- Watch the Video version of this report on our YouTube channel: https://www.youtube.com/watch?v=KS2mSWm16qg&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketVolatility #StockMarketUpdate #RiskManagement #MarketPullback #InvestorDiscipline

What really matters for markets in 2026—and why are most forecasts focused on the wrong metrics? Lance Roberts visits with Simplify Portfolio Manager & Chief Investment Strategist, Michael Green, CFA, to examine the structural changes inside today's markets that are reshaping price discovery, volatility, and risk. From the rise of passive investing and ETF dominance to the growing disconnect between fundamentals and flows, the mechanics of how markets trade have changed dramatically. We explore why small-cap and mid-cap stocks remain the most economically sensitive indicators, how ETFs can pull sellers higher during inflows—and why that dynamic reverses dangerously during outflows. We also examine declining market elasticity, the limitations of the Efficient Market Hypothesis, and why traditional analysis is increasingly ignored. Beyond markets, we connect these shifts to investor behavior, financial nihilism, generational risk-taking, and the unintended consequences of policy intervention. From the "Bank of Dad" to systemic fund imbalances, this discussion reframes what a useful market outlook should actually focus on heading into 2026. This is not a prediction. It is a framework for understanding risk, structure, and consequences. 0:00 INTRO 2:02 - Outlook for 2026 - What's the important metric? 6:22- Small-cap, Mid-cap stocks are most economically sensitive 8:32 - The importance of Understanding What You Own 11:09 - The Issue of ETF's - Dragging the Sellers higher 13:13 - The Theory of Passive Investing 15:16 - The Composition of Trading has Changed 17:52 - How to correct an over valued stock 19:25 - The Problem with Passive Investing - what happens when investors start selling indexed ETF's (the Bigger the Company, the LESS Elastic the Demand Response) 23:55 - The Efficient market Hypothesis 25:32 - What Makes for a Useful Market Forecast - The market Can't Crash?? 27:14 - Systemic Issues within the Market 31:14 - What Would Michael Green Do? 33:18 - The Death of Analysis & Fund Imbalances 37:13 - The Next Generation of Investors and Risk-taking 39:17 - The Poverty Line & Young Investors 43:34 - When the Government Gets Involved 46:04 - Making Choices - Luxuries vs Necessities 49:18 - Financial Education, Financial Stability, & Financial Choices: Financial Nihilism 53:16 - The Bank of Dad & Soft Society 1:00:58 - Actions Have Consequences 1:05:30 - How to Reach Michael Green 1:06:33 - The Problem with The Problem Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Simplify Portfolio Manager & Chief Investment Strategist, Michael Green, CFA Produced by Brent Clanton, Executive Producer ------- You can read Michael Green's blog, "Yes...I Give a Fig," here: https://www.yesigiveafig.com/ ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=TQSiR6fxLGg&list=PLVT8LcWPeAuhi47sn298HrsWYwmg8MV7d&index=1 ------- Watch our previous show, "Social Security Reform: Expansion or Cuts?" here: https://www.youtube.com/watch?v=TQSiR6fxLGg&list=PLVT8LcWPeAuhi47sn298HrsWYwmg8MV7d&index=1 -------- The latest installment of our new feature, Before the Bell, "Market Rotation Is Broadening — But Risks Remain," is here: https://www.youtube.com/watch?v=KS2mSWm16qg&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketOutlook2026 #PassiveInvesting #ETFMarketStructure #FinancialNihilism #MarketRisk #MichaelGreen

Congress is debating major changes to Social Security—and the outcome could mean benefit expansion or future cuts. With trust fund shortfalls projected by 2033, lawmakers have introduced a wave of bills aimed at increasing benefits, changing cost-of-living calculations, and redefining how and when Americans claim Social Security. Richard Rosso breaks down the key Social Security reform proposals currently circulating in Congress, what they would change, why most face steep political hurdles, and what these debates mean for retirement planning in the years ahead. 0:00 - INTRO 0:19 - Social Security's Deadline for Survival 3:12 - The Importance of Checking Your SS Statement 5:57 - Lawmakers Looking at Social Security Reform 7:21 - Why Waiting is Worth it 10:48 - Safeguarding Social Security Act 13:35 - Social Security Emergency Inflation Relief Act 15:04 - Boosting Benefits & COLA's Act 18:53 - Protecting & Preserving SS Act 20:27 - The Claiming Age Clarity Act 22:14 - The Overall Theme of SS Reform 27:28 - Figure Out Your Own Situation Hosted by Director of Financial Planning, Richard Rosso, CFP Produced by Brent Clanton, Executive Producer ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=TQSiR6fxLGg&list=PLVT8LcWPeAuhi47sn298HrsWYwmg8MV7d&index=1 ------- Watch our previous show, "Silver's Surge: Bubble or Fundamentals?" here: https://www.youtube.com/watch?v=Bbdac54510I&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- The latest installment of our new feature, Before the Bell, "Market Rotation Is Broadening — But Risks Remain," is here: https://www.youtube.com/watch?v=KS2mSWm16qg&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator ------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #SocialSecurity #RetirementPlanning #Congress #COLA #RetirementIncome

Can we classify Silver as a microbubble? Lance Roberts & Michael Lebowitz take a disciplined, valuation-driven look at silver through the lens of post-2020 micro-bubble cycles. 0:00 - INTRO 0:19 - Oil Prices Slide, CPI/PPI Moderate 8:15 - Index Performance Comparisons 14:33 - PPI/CPI Increase rate Cut Expectations 17:19 - The Risks of Reflation 20:48 - GDP Predictions? 23:08 - The Saga of the Silver Bubble 26:18 - Meme Stocks & SPAC's 29:57 - What's the Narrative in Silver? 31:41 - Silver, Gold, & Commodity Supply-Demand Imbalances 34:03 - Unlike God, Silver is a Critical Mineral 36:44 - Speculation in Silver? 38:25 - Portfolio Positioning & Position Sizing 47:19 - Don't Take Advice from the Guy that's Selling 48:17 - Market Behavior Commentary 49:54 - Markets' Rotation into Anything that's not a Mag-7 Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Portfolio Manger, Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=Bbdac54510I&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Watch our previous show, "Q & A Wednesday - Your Money & Market Questions Answered " here: https://www.youtube.com/watch?v=jAYfTLVka6w&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- The latest installment of our new feature, Before the Bell, "Market Rotation Is Broadening — But Risks Remain," is here: https://www.youtube.com/watch?v=KS2mSWm16qg&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator ------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketRotation #SmallCapStocks #MarketBreadth #RiskManagement #InvestingStrategy#SilverMarket #PreciousMetals #MarketBubbles #InvestorRisk #MacroInvesting

Markets are quietly broadening beneath the surface. While mega-cap stocks continue to dominate headlines, money is rotating into small caps, mid caps, value stocks, and even international equities. The S&P Equal Weight Index just set a new all-time high—even as the S&P 500 lagged—highlighting improving market breadth. Small caps and mid caps have closed part of their long-standing performance gap with large caps, but meaningful differences remain. The Russell 2000 and S&P 600 are still trailing the S&P 500, and small caps remain highly sensitive to economic slowdowns. Roughly 40% of the small-cap universe is unprofitable, making today's valuation enthusiasm especially vulnerable if growth expectations disappoint. Value stocks, defensive names, and select international markets are participating, suggesting this rally is not as narrow as many headlines imply. However, rotation does not eliminate risk—it shifts it. Investors should be cautious chasing economically sensitive areas at elevated valuations and remain disciplined with diversification, rebalancing, and risk management as market leadership evolves. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer --- Watch the Video version of this report on our YouTube channel: https://www.youtube.com/watch?v=KS2mSWm16qg&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 --- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketRotation #SmallCapStocks #MarketBreadth #RiskManagement #InvestingStrategy

Lance Roberts & Danny Ratliff take your real-time questions directly from our YouTube live chat window, and break down today's most important money, market, investing, and retirement topics. 0:00 - INTRO 0:19 - Big Banks' Earnings & Trading Revenue 4:00 - Markets Decline off All-time Highs 9:05 - Fun with Charts - Understanding Market Dynamics 16:17 - Contributing to Roth in Retirement? 20:27 - SimpleVisor Alerts 21:10 - Determining Percentage of Assets to Own vs Sell 26:15 - Thoughts on Trump Plan to use Retirement Money for Home Purchases 30:01 - You never Own Your House 33:48 - Sartorial Advice from Chat Room 34:50 - Target Allocations & Market Valuations 40:18 - 10% Cap on Credit Card Interest 43:08 - The Problem with Checks to Households & UBI 47:10 - A Candid Critique of the Service Industry 48:18 - Why MasterCard Stock Dropped on CC News 49:33 - The Problem with Crony Capitalism 49:52 - Defense Contractor Stock Buys Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Senior Investment Advisor, Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=jAYfTLVka6w&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Watch our previous show, "The Economic Reflation Narrative Is Back" here: https://www.youtube.com/watch?v=LT4dfHthMSY&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- The latest installment of our new feature, Before the Bell, "Markets Compress Near All-time Highs," is here: https://www.youtube.com/watch?v=3p7ti6VnJQI&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator ------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketOutlook #StockMarketToday #MarketVolatility #TechnicalAnalysis #RiskManagement #InvestingQuestions #PersonalFinance #RetirementPlanning

Markets pulled back from all-time highs, not in a bearish way, but through tightening consolidation. Price is compressing between a rising support line and a clearly defined ceiling, creating a narrowing trading range that historically resolves with a decisive move. The key question now is direction. A downside break could bring a retracement toward the 100-day moving average, while an upside resolution could push prices toward the 7,100 area. Over the next two to four weeks, a downside resolution would not be surprising—but any move will still require a catalyst. Market breadth continues to weaken, volatility is slowly creeping higher, and defensive sector rotation is beginning to appear beneath the surface. While momentum remains intact, relative strength is stretched, suggesting consolidation may not be finished. As earnings season fades, markets tend to "sniff out" the next risk. Price action will provide confirmation. Compression always resolves—it is only a matter of time. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer --- Watch the Video version of this report on our YouTube channel: https://www.youtube.com/watch?v=3p7ti6VnJQI&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 --- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketOutlook #StockMarketToday #MarketVolatility #TechnicalAnalysis #RiskManagement

The economic reflation narrative is back—but is it durable or just another market storyline driven by optimism and liquidity? Lance Roberts explains what investors mean by "economic reflation," why markets are once again pricing in stronger growth, and which data points are reinforcing the bullish case. We examine the role of monetary policy shifts, fiscal spending, labor market dynamics, and commodity trends that are supporting expectations for improving earnings and profitability. Just as importantly, we address the risks to the reflation narrative. Sticky inflation, slowing global growth, tighter financial conditions, and policy missteps could all challenge the assumption that reflation is sustainable. Markets often price in best-case outcomes long before the data confirms them—and that gap can matter for portfolio risk. We close with practical investor considerations, focusing on risk management, diversification, and how to think about portfolios when markets are caught between reflation optimism and late-cycle realities. This discussion is designed for investors seeking context, not predictions, and a disciplined framework for navigating shifting macro narratives. Visit RealInvestmentAdvice.com for daily market commentary, portfolio strategy insights, and risk-management tools. 0:00 - INTRO 0:19 - One Dad on Money - The Reflation Narrative preview 2:03 - Markets Rally Despite Powell Probe 7:33 - JPMorgan performance & Q4 Earnings Structure 12:33 - Optimism for 2026 - Rate of Inflation Slowing 14:42 - Goldman Survey: Everyone is Bullish About Everything All at Once 16:31 - The Premise of Economic Reflation - Three Reasons 19:01 - The Flaw in the Reflation Narrative 23:14 - Good Consensus for High Market Returns in 2026 24:19 - Why Valuations Matter 28:17 - Wilshire 5000 vs GDP Ratio Explained 29:50 - Why Cut Rates if Economy is Growing? 30:57 - The Biggest Risk to Economy - Geopolitics 33:55 - Sectors to Benefit from Reflation Narrative 36:20 - Risks from the Reflation Narrative 37:24 - The Nirvana of Reflation is Driving Markets 40:23 - Top Ten Percent vs the Rest of Earners 42:18 - What Does the Reflation Narrative Mean for the Average Person? 43:28 - The Risk from the Reflation Story Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=LT4dfHthMSY&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Articles Mentioned in Today's Show: "Investor Lessons From 2025 For 2026" https://realinvestmentadvice.com/resources/blog/market-outlook-for-2026-copy/ "2026 Earnings Outlook: Another Year Of Optimism" https://realinvestmentadvice.com/resources/blog/2026-earnings-outlook-another-year-of-optimism/ ------- Watch our previous show, "Investor Lessons From 2025 for 2026" here: https://www.youtube.com/watch?v=OIPCj5xEG0c&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- The latest installment of our new feature, Before the Bell, "Market Turbulence - Earnings Test Ahead," is here: https://www.youtube.com/watch?v=Dcg2Jj73T5U&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator ------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #EarningsSeason #MarketVolatility #StockMarketOutlook #RiskManagement #InvestingStrategy #EconomicReflation #MarketOutlook #MacroInvesting #InflationAndGrowth #RiskManagement

With earnings season underway and markets stretched, conditions suggest rising market turbulence as price discovery accelerates. JPMorgan Chase kicked things off with a technical earnings miss after an extraordinary multi-year rally, highlighting how stretched both individual stocks and the broader market have become. While markets remain on a buy signal and continue to hover near all-time highs, deviations from key moving averages and increasingly overbought conditions suggest a near-term pullback would be healthy—and not unexpected. Financial heavyweights such as Goldman Sachs and BlackRock remain central to the AI buildout narrative as capital providers, which could continue to support the sector longer term. With earnings estimates having been lowered ahead of this reporting season, beat rates should remain favorable. Investors can remain long equities, but this is also an opportune moment to rebalance, take partial profits, and manage risk. Any volatility-driven pullback may present a more attractive entry point for the next leg of the rally. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer --- Watch the Video version of this report on our YouTube channel: https://www.youtube.com/watch?v=Dcg2Jj73T5U&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 --- Articles mentioned in this report: "Investor Lessons From 2025 For 2026" https://realinvestmentadvice.com/resources/blog/market-outlook-for-2026-copy/ "DOJ Investigates Powell: Implications For Fed Policy?" https://realinvestmentadvice.com/resources/blog/doj-investigates-powell-implications-for-fed-policy/ --- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #EarningsSeason #MarketVolatility #StockMarketOutlook #RiskManagement #InvestingStrategy

Markets opened 2026 with early gains, improving breadth, and a rotation toward value—but mixed fundamentals and elevated expectations remain beneath the surface. Lance Roberts reviews key investor lessons from 2025 that matter most as we head into 2026. We review what worked, what failed, and why market narratives once again misled investors. Topics include value versus growth, volatility versus risk, the role of cash, earnings-driven returns, portfolio rebalancing, and why discipline—not prediction—remains the foundation of long-term investing. We also examine the technical backdrop for the S&P 500, key support and resistance levels, inflation and labor market catalysts ahead, and why risk management may matter more than return chasing in 2026. If your objective is to protect capital, reduce portfolio stress, and improve long-term outcomes, these investor lessons are essential. For ongoing market commentary and portfolio strategy, visit RealInvestmentAdvice.com. 0:00 - INTRO 0:19 - Jerome Powell in Hot Water 5:21 - Bracing for Market Volatility 10:05 - Economic Summit Preview 11:45 - Lessons We Should Have Learned in 2025 15:00 - Leave Narratives Behind 18:16 - Volatility is not Risk 21:43 - Cash has Value 26:12 - Earnings Drive Long Term Returns 30:16 - Your Plan Must Survive Stress 33:32 - Losing All Your Capital is a Problem - The Landman Example 38:18 - Thinking Ahead Instead of Looking Behind 41:58 - Earnings Estimates Preview 44:46 - Betting on the Economy Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=OIPCj5xEG0c&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Articles Mentioned in Today's Show: "Investor Lessons From 2025 For 2026" https://realinvestmentadvice.com/resources/blog/market-outlook-for-2026-copy/ "2026 Earnings Outlook: Another Year Of Optimism" https://realinvestmentadvice.com/resources/blog/2026-earnings-outlook-another-year-of-optimism/ ------- Watch our previous show, "Big Beautiful Tax Breaks - 7 Changes for the 2026 Tax Season," here: https://www.youtube.com/watch?v=5dEwx5cGCZw&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- The latest installment of our new feature, Before the Bell, "Volatility Risk Rising," is here: https://www.youtube.com/watch?v=I9FUNPzVZAg&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator ------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketVolatility #StockMarketUpdate #RiskManagement #EarningsSeason #InvestingStrategy #InvestorLessons #2026MarketOutlook #RiskManagement #PortfolioStrategy #LongTermInvesting

Markets closed at new highs but are flashing short-term overbought signals. Unexpected weekend headlines around a potential investigation tied to the Fed introduced a volatility catalyst markets were not pricing in—especially at elevated levels. While the issue itself is unlikely to become a long-term concern, surprises are often what trigger near-term selling pressure. With earnings season approaching, volatility risk is more likely to come from corporate results than headlines. We discuss why managing risk, rebalancing portfolios, and preparing for routine pullbacks matter when markets are stretched, what a test of the 20-day moving average could mean, and why 2–3% downside moves are normal—not alarming. This is a timely opportunity to review positioning, hedge volatility, and ensure portfolios are aligned with current market conditions. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer --- Watch the Video version of this report on our YouTube channel: https://www.youtube.com/watch?v=I9FUNPzVZAg&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 --- Articles mentioned in this report: "Investor Lessons From 2025 For 2026" https://realinvestmentadvice.com/resources/blog/market-outlook-for-2026-copy/ --- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketVolatility #StockMarketUpdate #RiskManagement #EarningsSeason #InvestingStrategy

The 2026 tax season is shaping up to look very different—especially for retirees, near-retirees, and late-career workers. Richard Rosso & Jonathan McCarty break down some major tax changes tied to the "One Big Beautiful Bill" and recent retirement legislation that could materially impact your tax planning strategy. From higher standard deductions and new age-based write-offs to expanded SALT limits, auto-loan interest deductions, and larger 401(k) catch-up contributions, these changes create both opportunities and planning traps. 0:00 - INTRO 0:19 - The Big D in the OBBB 3:52 - Higher Standard Deductions 6:57 - Withholding Adjustments 10:25 - Higher SALT Deduction 12:33 - Automobile Loan Interest Deduction 15:29 - Larger Catch-up Contributions 19:15 - Tipped Workers & Qualifying Jobs 23:15 - To Itemize or Not to Itemize 23:56 - Getting Ready not to File Tax Returns 25:06 - Looking at Roth Options 30:52 - 2026 Economic Summit 33:14 - Roth Conversion Deadlines 35:43 - YouTube Poll Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP, w Senior Investment Advisor, Jonathan McCarty, CFP Produced by Brent Clanton, Executive Producer ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=5dEwx5cGCZw&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Watch our previous show, "2026 Market Forecasts: Why Wall Street Gets It Wrong," here: https://www.youtube.com/watch?v=cQA10SrDk3s&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- The latest installment of our new feature, Before the Bell, "Sector Rotation Quietly Begins," is here: https://www.youtube.com/watch?v=l6zc2wXLn5o&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator ------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #2026Taxes #TaxPlanning #RetirementPlanning #IRSUpdates #FinancialEducation

Every year, Wall Street rolls out confident forecasts for where the S&P 500 will end the year—and every year those projections are treated as actionable insight. For 2026, analyst expectations cluster around modestly positive returns, even as valuations sit near historical extremes and macro risks continue to build. Lance Roberts & Michael Lebowitz explain why year-ahead market forecasts are largely an exercise in false precision. Instead of offering a price target with zero confidence, we walk through the key forces that are likely to shape markets in 2026—including stretched valuations, liquidity injections disguised as "reserve management," the Federal Reserve leadership transition, midterm elections, fiscal uncertainty, AI-driven capital spending, tariffs, geopolitics, and rising sovereign debt risks. We also examine historical market behavior to provide perspective on drawdowns, winning streaks, and why valuations are a poor short-term timing tool but an excellent long-term risk signal. Finally, we discuss why flexibility, discipline, and risk management matter far more than guessing an index level twelve months in advance. If you are an investor trying to navigate uncertainty without relying on headlines or optimistic forecasts, this discussion provides the framework you need to think more clearly about markets in 2026. 0:00 - INTRO 0:19 - Betting on Anything, Healthcare Subsidies, HSA's, & Housing Bans 8:15 - Roll-of in Markets 12:42 - Guessing at 2026 Markets 20:35 - Think About the Known; Consider the Unknown 22:59 - Quantitative Easing & Chart Crime 25:09 - The Powell Exit & Midterm Elections 28:21 - Will Europe Keep Dumping Money into US Markets? 29:55 - AI Infrastructure Boom & New Technologies 32:02 - Our Process for Managing Market Rotations 35:14 - SCOTUS' Tariff Ruling & Trump's Plan-B 37:10 - Return of the Yen Carry Trade 38:50 - Smart Money Has Already Considered the Risks 42:08 - Don't Get Too Comfortable with Narratives Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Portfolio Manger, Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=cQA10SrDk3s&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Articles Mentioned in Today's Show: "2026 Forecast: Tis The Season For Wild Guesses" https://realinvestmentadvice.com/resources/blog/2026-forecast-tis-the-season-for-wild-guesses/ -------- The latest installment of our new feature, Before the Bell, "Sector Rotation Quietly Begins," is here: https://www.youtube.com/watch?v=l6zc2wXLn5o&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator ------- Watch our previous show, "Open Chat Q&A: Markets, Earnings, Taxes & Portfolio Strategy," here: https://www.youtube.com/watch?v=EGgxAtaZIOI&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MarketUpdate #SectorRotation #StockMarketNews #EconomicData #MarketVolatility #MarketOutlook2026 #StockMarketRisk #InvestorDiscipline #FedPolicy #ValuationsMatter