There is no certainty on where we go from here. Don’t forget to take profits, don’t forget to hold cash so that you can redeploy when prices are lower.

Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
——-
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Will the market soar to new heights, stall in uncertainty, or plummet into correction?
Lance Roberts & Michael Lebowitz break down the key drivers that will shape the economy and stock market in the months ahead. From Federal Reserve policy shifts to earnings forecasts, geopolitical risks to liquidity conditions—this is your investor’s guide to what’s next. Whether you’re managing a portfolio or planning your financial future, this episode offers data-driven insights and strategic foresight you won’t want to miss.

2:26 – The Burrito Economic Indicator
14:01 – Three Paths Forward for Markets
29:51 – Bear Market vs Bull Market: Putting Markets in Context
43:55 – Is a Liquidity Crisis Brewing?

Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Portfolio Manager

Too many investors wait until too late to buy into the market at a specific number or price. You don’t need to know the address, so long as you’re in the right neighborhood.

Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
——-
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On today’s show, Lance Roberts & Danny Ratliff dig into the growing tensions between Donald Trump and Fed Chair Jerome Powell. Should Trump fire Powell? What would it mean for interest rates, inflation, and market stability? Join me as we explore the politics behind the Fed, the potential fallout for investors, and what history tells us about presidential pressure on the central bank.

Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior FInancial Advisor, Jonathan Penn, CFP
Produced by Brent Clanton, Executive Producer

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 video on YouTube:

Do you know what’s in your portfolio? Lance Roberts explains the beauty of mortgage-backed bonds, which most investors do not understand, underscoring the importance of knowing (and understanding) what all are in your holdings.

Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Senior Financial Advisor, Jonathan Penn, CFP
Produced by Brent Clanton, Executive Producer
——-
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We’re not exactly going where no man has gone before, but a recent piece in Forbes.com caught our eye, and it’s worth…exploring. Lance Roberts and Jonathan Penn blend a little pop culture with personal finance on today’s episode: What if logic—not emotion—guided your financial decisions? How might the legendary Vulcan’s rational mindset be applied to modern investing. From avoiding behavioral biases to making objective portfolio decisions, we break down what it truly means to invest like Spock. Whether you’re a die-hard Star Trek fan or just looking for smarter money habits, this episode blends pop culture with practical financial wisdom. Live long—and invest logically.

Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior FInancial Advisor, Jonathan Penn,

Is the dreaded death cross a warning sign—or a buying opportunity?
In this episode, I break down what the death cross really signals for the stock market and whether it reliably marks a market bottom or just more volatility ahead. We’ll look at historical patterns, technical analysis indicators, and investor behavior during past bear markets. If you’re trying to navigate through the noise and make smarter investment decisions, this episode is for you. We also deal with an electrical power outage in the third segment, resulting in a truncated show.

3:07 – Markets Are Working Thru Retesting
14:51 – Be Careful of Rationalization
30:31 – The Death Cross Explained
43:57 – Campfire Tales
45:03 – The Death Cross concluded

Hosted by RIA Advisors Chief Investment Strategist Lance Roberts,

What makes portfolio management so hard? It’s not what you think. Managing a portfolio isn’t just about picking winners — it’s about managing risk, emotions, and market timing. We’ve written about these things before…and now, here we are.

Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
——-
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Markets could experience volatility today as options expire; healthcare stocks are also being sympathetic to UnitedHealthCare’s unhealthy quarterly report and performance of weight loss drug makers’ stocks. Markets are recovering from recent lows: Did the "Death Cross" mark the bottom? Federal Reserve Chair Jerome Powell’s recent remarks criticizing President Trump’s tariff policies, highlighting their potential to exacerbate inflation and slow economic growth has reignited tensions between Powell and Trump, reminiscent of their earlier disputes during President Trump’s first term.​ UnitedHealthCare is struggling with Medicare and Medicaid costs; drug stocks are part of a sector rotation story that includes weight loss pills and clinical trials; Lance and Michael discuss the relative

People love throwing around percentages—“down 50%,” “up 200%”—but I’ve learned the hard way they can seriously mislead you. In this short, I break down why percentages often hide the full picture and how I look at real numbers instead when making smart financial decisions.

Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
——-
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Lance Roberts’ opening monologue covers Easter prep, DMA Death Corsses, and rising recession risk; an earnings season up date (so far, okay), the lack of forward guidance, and negative earnings revisions (except in the Russell 2000); the significance of the 50-DMA crossing below the 200-DMA: Know the context. Event-driven vs. Construct-driven corrections; Scott Bessent and tariffs, tax cuts, and deregulation; what if the US and China reach an accord? Defining Bear Markets vs Corrections; what to do to prepare for Recessions; what comes next, after tariffs? Is now the best time to take RMD’s, or wait until EOY? Tariffs are "The Art of the Deal." Charitable ways to take RMD’s. Donuts, 8-Balls, & Tax Planning: strategies for buying & selling; the danger of being overly negative.

3:09 –

Watching your portfolio grow is great, but remember — those gains aren’t real until you hit that sell button. Markets can turn fast. Profits can vanish even faster. Smart investors know when to take money off the table. Lance Roberts reveals the difference between unrealized vs realized gains, why taking profits matters, and how smart investors lock in returns before the market turns.

Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
——-
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It’s Tax Day 2025 — are you ready? Lance Roberts and Jonathan Penn review last-minute tax tips, filing strategies, and how to avoid costly IRS penalties. But frankly, if you haven’t gotten it done by today…
There are market benefits from Tax Day, as some tax return money finds its way back into play; stock buy back will also supply some support to markets. In an event-driven market (tariffs), have we passed the markets’ low? How the US Dollar is dealing with pressure. Last-minute taxs tips include HSA advice, and shwat diversification is not. Treasury Sec’y Scott Bessent and Bond Market turmoil: Is it beginning to taper? Will there be a battle between the Treasury and the Fed? Lance and Jonathan review HSA’s and 72-T rules & penalties. Volatility in the market: There’s nothing really

Discover why yield spreads and the inverted yield curve may be signaling continued recession risk in 2025.

Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer

Watch the complete show on our YouTube channel here:
&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=6s

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Are we heading toward a recession in 2025?
In this episode, Lance Roberts explores why yield curve inversions and widening credit spreads suggest the risk isn’t over yet, what the bond market is telling investors, and how these indicators have predicted past recessions and what it could mean for your portfolio. Lance covers:
* The Tariff impact on Apple
* The mistake of confusing trade deficits with tariffs
* Markets’ relief rally
* Tariffs paused not likely to return
* Yield curve inversion and economic signals
* Credit spreads and financial stress
* Implications for the stock and bond markets
* The Fed’s hands are not tied
* The dark side of NAFTA

3:08 – After Moratorium, Will Tariffs Return?
14:43 – Bill Maher & Donald Trump
16:15 – The Importance of Yield Spreads
30:29 – The Fed’s

Quarterly reporting season is upon us, with JP Morgan setting the tone for earnings, as the tariff tango with China continues; how are advisors handling the turmoil? Consumer front loading pulling forward future demand will lead to economic irregularities later. Richard and Matt discuss dealing effectively during corrections and taking advantage of tax efficiencies; creating a "loss bank;" paying taxes means you’re making money. cutting through the headlines and the negative influence of social media; the evolution of work in America: Where did all the jobs go? Rich and Matt point out the value of having a financial plan in place during tumultuous times like these; dealing with the psychological shift that comes with retirement; the opportunity for Roth conversions; making"Tikie-Tokies."

There are cracks appearing in the treasury market from the basis trade; what will the Fed do? Lance explains the latest gyrations in markets and the sharp rise in bond yields. Basis trade explained; appears to be at 20X leverage: Is someone getting margin calls and liquidating? Tariffs are not the issue here; will the Fed step in?

Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer

This content is a segment from this full show:
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Articles mentioned in this report:
"Stupidity And The 5-Laws Not To Follow"
https://realinvestmentadvice.com/resources/blog/stupidity-and-the-5-laws-not-to-follow/
"Corporate Yield Spreads Start To Widen"

What really happened behind the scenes as President Trump seemingly performed an about-face on tariffs, sending markets zming on Wednesday: Markets enjoyed their 3rd best performance since WW-2, erasing all the losses since tariffs were first announced last week. Lance reviews the Basis Trade terror, not tariffs, that caused the turn about. The correction cycle is likely not over, however; markets are challenging resistance. Lance reviews what RIA bought and sold. Lance and Michael discuss how we avoid the next financial crash, and the impact of leverage on the Basis Trade. Where do we go from here? Dealing with Bond Risk. Tariffs add pressure to the economy, and the goal is to lowere inflation and interest rates to better manage excessive debt. What is the Fed likely to do next? The

Remember the cardinal rule: break the 200-day moving average, exit your position! Beware of stop losses being hunted by trading algorithms. #StockMarketTips #TradingPsychology

Watch the entire show here: h https://cstu.io/81b558

YouTube channel = @ TheRealInvestmentShow

China retaliates to Trump’s retaliation to China’s tit-for-tat response to tariffs; downward pressure continues as markets trying to recalibrate with a moving tariff target; there are cracks appearing in the treasury market from the basis trade; what will the Fed do? Lance explains the latest gyrations in markets and the sharp rise in bond yields. Basis trade explained; appears to be at 20X leverage: Is someone getting margin calls and liquidating? Tariffs are not the issue here; will the Fed step in? Wall Mart reports earnings, but cannot provide guidance until tariff trouble is resolved. How much money does it take to move markets one-point? Slowing economy = less demand = high unemployment. It’s going to get worse before it gets better. There is an alarming trend of 401k early

Markets jumped on a false report of a 90-day wait on tariffs, and took investors on a roller-coaster ride Monday.ance Roberts & Jonathan Penn explore the possibilities, plus why should shouldn’t even LOOK at your portfolio right now…also, is a recession coming? That is the billion-dollar question investors now face. One gauge to help us answer the question is corporate bond yield spreads. When the yield differential between corporate bond yields and risk-free Treasury bonds widens significantly, it signals that bond investors are taking a risk-averse stance. Simply, they are pricing higher odds of corporate defaults, typical when economic growth slows, especially during recessionary periods. Lance and Jonathan also cover more tariff talk, and Lance’s preferred path, a brief interlude

This is a special, excerpted report from Monday’s broadcast:
Lance Roberts discusses markets’ hope and fear (charts); lessons investors can learn from the Coog’s vs Duke. Wall Street will find a narrative to rally markets, and then sell. A look at our Fear/Greed indicator (and how it differs from others’); probabilities vs possibilities, the risk range report. We’re looking for a reflex rally now, and Lance explains the next strategy.

0:49 – Markets’ Hope & Fear
12:06 – Coogs vs Duke: Dealing with the Unexpected
22:24 – Probabilities & Possibilities

Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
——-
Watch today’s full show video here:
&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1
——-
Articles mentioned in

Are markets close to a short-term bottom? The response to the unexpected magnitude of tariffs creates pain and anxiety, as markets reprice valuations and trade negotiations begin. Some markets suspend short-selling; US markets are over-sold; bonds are doing well; the Fed is expected to cut rates five times. Lance discusses markets’ hope and fear (charts); lessons investors can learn from the Coog’s vs Duke (Lance’s wife is not amused). Wall Street will find a narrative to rally markets, and then sell. A look at our Fear/Greed indicator (and how it differs from others’); probabilities vs possibilities, the risk range report. Looking for a reflex rally now; what we’re going to do.

3:10 – Markets Respond to Tariffs
14:49 – Markets’ Hope & Fear
30:24 – Coogs vs Duke: Dealing with the

President Donald Trump’s tariff terrors were revealed Wednesday afternoon, and markets were not enthused. At all. The worse than expected tariff rates are the highest ever. Trade policy is still uncertain, however, as the tariffs are seen as a negotiating tactic, and subject to revision. But this makes it difficult for companies to re-calculate forward looking estimates of earnings. And as the ripple effects of higher expenses are felt in the economy, the risk of recession rises. Lance takes a break to extol his wife’s virtues as a basketball savant; Lance and Michael discuss the likely Fed response to higher tariffs and slower economic growth, review a chart of the VIX (more volatility on the way), and emphasize the importance of context and perspective before reacting to the tariffs’

Investors are rightfully scared that tariffs announced on Liberation Day will be crippling to the economy and harm corporate earnings. Based on recent comments from Donald Trump, that is a logical concern. However, what if Trump is playing with emotions to make Liberation Day look like a success? If that were the case, he might promise the worst regarding tariffs and underdeliver. In other words, the tariffs announced on Liberation Day may not be as high or far-reaching as expected. If that were the case, the markets would likely stage a relief rally. Accordingly, Trump can take a victory lap, claiming that tariffs are beneficial, as evidenced by the market’s actions.

Will that happen? We don’t know. However, while it’s easy to be bearish given the uncertainty, there are other

Understanding market trends: More buyers drive prices up, more sellers bring them down. Learn how futures impact gold prices! #MarketInsights

Watch the entire show here: https://cstu.io/25b2ab

YouTube channel = @ TheRealInvestmentShow

Investors must remember that we’re coming off two years of exceptional market returns, and that market corrections must be viewed in their proper context…and expected. Lance discusses the positive and negative impact of Mag-7 stocks on markets due to their weighting; meanwhile, the First Quarter has ended with institutional buyers acting in the final minutes of Monday’s trading day, boosting stocks to a less than 1% gain at the close. Markets give signals, but context is needed. Corrections are generally buying opportunities. Lance shares a tale of his wife’s candy stash and an example of her "largesse" in sharing same; plus a spoiler alert fo the 1923 TV series. How should investors act after a correction? So far, there are no signals indicating a shift from bullish to bearish trends.

Learn to take profits and buy declines! Investing tip: Sell high and buy low. Don’t miss the buy signal for Bitcoin at 80,000! #Investing101

Watch the entire show here: https://cstu.io/6f035d

YouTube channel = @ TheRealInvestmentShow

Much has been reported and speculated about the recently passed Social Security Fairness Act. In this episode of Candid Coffee, Richard Rosso and Danny Ratliff discuss what the repeal of WEP and GPO mean for you; understanding Social Security Spousal Benefits and survivor benefits; and rethinking retirement planning with an income boost from Social Security. They take a clear-eyed look at the Social Security Fairness Act, Windfall Elimination Provision (WEP) explained, as well as the Government Pension Offset (GPO) vs. Social Security, and how to maximize Social Security benefits with sound Social Security planning strategies.

Hosted by RIA Advisors’ Director of Financial Planning, Richard Rosso, CFP, w Senior Financial Advisor, Danny Ratliff, CFP
Produced by Brent Clanton, Executive

There are no discernable signs of economic stress…yet, bu tconsumers are concerned about wages and job security. The question begging to be asked: When is the Fed going to step in (Fed purview: Employment and price stability…AND by extension, consumer confidence). How will markets react to Liberation Day (4/2)? Corporate buy backs will resume 3rd week of April. Markets pulled back on Friday (mimicking four similar pull backs last year.) Make no changes just yet; wait for the next market bounce. Can corporations pass along the expense of increased tariffs? When will the Fed act? Goldman is cutting its earnings expectations for 2025, and valuations are beginning to fall. Lance explains the relevance of Consumer Confidence to PCE, which contributes 70% of GDP. A decline in Consumer