Heads-up: We're on vacation for the next two-weeks starting Monday (12/23); audio podcasts will be available on iTunes, Spotify, and a host of other audio platforms. Check our website, www.realinvestmentadvice.com for complete links.  Rich & Danny's final live show of the year starts with coverage of Tariffs, inflation vs deflation, and Jerome Powell's performance as Fed Head. Being cautiously optimistic: We've been living in a government-driven economy: Markets aren't red or blue; they're green. How estate planning may evovled during the Trump presidency; will the SALT deduction return? Debt focus will change perspective. Richard discovers the NOK Box for estate planning. Investing addicts attending Gamblers Anonymous: investings vs speculating. Creating a financial plan in 2025; retirement & taking Social Security early vs not. Why you cannot start and stop SS anymore. Strategies for drawing on retirement funds before taking Social Security; what is your legacy intent? Pensions vs Social Security; the Art of Financial Planning and income for retirement. SEG-1: Who's the Worst Fed Head Now? SEG-2: Estate Tax Planning in a Trump Presidency SEG-3: Investing Addicts & Market Speculation SEG-4: Starting & Stopping Social Security vs Pensions Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP, w Senior Financial Advisor Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer ------- Watch today's show video here: https://www.youtube.com/watch?v=nwAIudzT9gQ&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=7s ------- Articles mentioned in this report: "Global Conditions Portend A Catch-Down In America" https://realinvestmentadvice.com/resources/blog/global-conditions-portend-a-catch-down-in-america/ "Permabull? Hardly." https://realinvestmentadvice.com/resources/blog/permabull-hardly/ "Trump Election Sends NFIB Optimism Surging" https://realinvestmentadvice.com/resources/blog/trump-election-sends-nfib-optimism-surging/ ------- The latest installment of our new feature, Before the Bell, "The Fed is Never Right," is here:  https://www.youtube.com/watch?v=h87m6yGM_M8&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Did the Fed Steal Christmas?" https://www.youtube.com/watch?v=SjZ21RSDn14&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=3s ------- Get more info & commentary:  https://realinvestmentadvice.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/ #TrumpTaxPolicy #Election2024Taxes #TaxPlanningTips #TrumpWinImpact #FinancialFreedom #FederalReserve #HolidaySpending2024 #ChristmasEconomy #InterestRatesImpact #EconomicOutlook #RetirementPlanning #InvestmentStrategy #StocksForRetirement #FinancialIndependence #PortfolioManagement #StockMarket2024 #MarketVolatility #InvestorInsights #BullOrBear #Microstrategies #SP100 #OilPrices #SlowingEconomy #EconomicGrowth #SmallBusinessOptimism #NFIBReport #EconomicTrends #BusinessConfidence #FinancialTalk #InvestingAdvice #Money #Investing

We're on vacation for the next two-weeks starting Monday (12/23); audio podcasts will be available on iTunes, Spotify, and a host of other audio platforms. Check our website, www.realinvestmentadvice.com for complete links. The House's Continuing Resolution fails to pass muster, thanks to pressure from president-elect Donald Trump and the emerging D.O.G.E. team. Meanwhile, the Fed cuts rates, as expected, but adds a hawkish slant to their language, and markets shed 3% on Wednesday. Lance & Michael discuss whether the Fed has stolen Christmas in this fashion, dealing with the lag effect, and whether the Fed has inflation under control. Is the Fed going to suddenly pivot to a dovish stance in the first half of 2025? The restrictive policy of the Fed, and short-term investing in bond yields; is Jerome Powell making a mistake? The world is in a recession; why should we care? Because of the globalization of trade. Lance examines the correlations of US GDP to other countries'. Is the US GDP growth normal, or will the US have to catch-down to other economies? We are still experiencing the residual effects of government spending in our economy. SEG-1 Fed Cuts Rates, Adds Hawkish Tone SEG-2: Did the Fed Steal Christmas? SEG-3: Jerome Powell's Balancing Act: Is He Making a Mistake now? SEG-4: Will the US Catch-down to the Rest of the World? Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Portfolio Manager Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Watch today's show video here: https://www.youtube.com/watch?v=SjZ21RSDn14&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=3s ------- Articles mentioned in this report: "Global Conditions Portend A Catch-Down In America" https://realinvestmentadvice.com/resources/blog/global-conditions-portend-a-catch-down-in-america/ "Permabull? Hardly." https://realinvestmentadvice.com/resources/blog/permabull-hardly/ "Trump Election Sends NFIB Optimism Surging" https://realinvestmentadvice.com/resources/blog/trump-election-sends-nfib-optimism-surging/ ------- The latest installment of our new feature, Before the Bell, "The Fed is Never Right," is here:  https://www.youtube.com/watch?v=h87m6yGM_M8&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Dump the 60/40 for 100% Stock Retirement Portfolio?" https://www.youtube.com/watch?v=ElTw9jd0hg8&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2s ------- Get more info & commentary:  https://realinvestmentadvice.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/ #FederalReserve #HolidaySpending2024 #ChristmasEconomy #InterestRatesImpact #EconomicOutlook#RetirementPlanning #InvestmentStrategy #StocksForRetirement #FinancialIndependence #PortfolioManagement #StockMarket2024 #MarketVolatility #InvestorInsights #BullOrBear #Microstrategies #SP100 #OilPrices #SlowingEconomy #EconomicGrowth #SmallBusinessOptimism #NFIBReport #EconomicTrends #BusinessConfidence #FinancialTalk #InvestingAdvice #Money #Investing

The Federal Reserve cut rates 25-bp, as expected, but the language was more hawkish than anticipated, and the Fed's "Dot Plot" of anticipated rate cuts for 2025 suggested fewer incidents of rate trimming next year. That took a bit of juice out of the punch bowl and spooked the markets. But remember, the Fed is never right about anything, and these predictions are the worst on anything they do. Lance reviews the ingredients comprising a correction: Extremely suppressed volatility, narrow market breadth, and declining momentum. On Wednesday, following the Fed announcement, markets sold off to the tune of 3%, taking out the 50-DMA. In order for the market to get a rally back into the end of the year, we need to get back above the 50-DMA, pronto. That will keep the bullish trend intact and set up for the much-anticipated Santa Claus rally into the end of the year.   Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=h87m6yGM_M8&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/ #FederalReserve #InterestRates #RateCut #50DMA #MarketCorrection #SuppressedVolatility #MarketBreadth #DecliningMomemntum #InvestorComplacency #SlowingEconomy #SantaClausRally #EconomicGrowth #InvestingAdvice #Money #Investing

It's Fed Day with it's much anticipated rate cut; what will matter more is the Fed's dot-plot and comments on expectations for 2025. Meanwhile on Wall Street, sloppy trading continues as fund manager rebalance portfolios. Markets are sitting on the 20-DMA and holding firm. The Healthcare Sector is the year's worst performer: Will it offer the most opportunity in 2025? This sector tends to perform better AFTER elections. Lance reveals a new temptation on his route to work each morning; Lance and Danny comment on the notion of dumping the traditional 60/40 portfolio in favor of 100% stocks for retirement, with charts and graphs. More commentary on those who would think they can beat the market, and what's in store if the show goes straight to YouTube (no filter). Old maxims about investing no longer hold true with the velocity of information and distortion of the markets. Why does no one want Value Stocks anymore? Lance and Danny recall reading encyclopedias as youths. The thing about Roth conversions...what are the chances taxes will go lower? SEG-1: Fed Day - What Will They Say? SEG-2: Dumping the 60/40 Portfolio? SEG-3: So You Think You Can Beat the Market? SEG-4: Why No One Wants Value Stocks Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w SSenior Financial Advisor Danny Ratliff, CFP, Produced by Brent Clanton, Executive Producer ------- Watch today's show video here: https://www.youtube.com/watch?v=ElTw9jd0hg8&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2s ------- Articles mentioned in this report: "Permabull? Hardly." https://realinvestmentadvice.com/resources/blog/permabull-hardly/ "Trump Election Sends NFIB Optimism Surging" https://realinvestmentadvice.com/resources/blog/trump-election-sends-nfib-optimism-surging/ ------- The latest installment of our new feature, Before the Bell, "Opportunities Ahead in Beaten Down Stocks?," is here:  https://www.youtube.com/watch?v=4HqWOpYV_Qs&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "This is Nuts" https://www.youtube.com/watch?v=drZL-tygAg0&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=1314s ------- Get more info & commentary:  https://realinvestmentadvice.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/ #RetirementPlanning #InvestmentStrategy #StocksForRetirement #FinancialIndependence #PortfolioManagement #StockMarket2024 #MarketVolatility #InvestorInsights #BullOrBear #Microstrategies #SP100 #OilPrices #SlowingEconomy #GoldPrices #GoldCorrection #USDollar #EconomicGrowth #SmallBusinessOptimism #NFIBReport #EconomicTrends #BusinessConfidence #FinancialTalk #InvestingAdvice #Money #Investing

Markets are sitting right on the 20-DMA, holding support. As the flirting continues within a trading range, watch for a push higher today. However, there is still some selling-off to be done, and we may see some of that this afternoon following the Fed's announcement. This is part of the set up to get markets to rally into the New Year. This has been a really sloppy trading week...as expected. Basic Materials and Energy sectors remain deeply oversold. Healthcare has been The Worst Performer across the board this year over concerns about what a new administration might mean for healthcare companies and healthcare reform. Typically, Healthcare tends to under-perform in pre-election years and perform better after elections. The sector is deeply, deeply oversold at this point, and that could spell opportunity in the New Year. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=4HqWOpYV_Qs&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/ #InvestingOpportunity #BeatenDownStocks #HealthcareSector #20DMA #FederalReserve #InterestRates #HealthcarePolicy #SlowingEconomy #GoldPrices #EconomicGrowth #InvestingAdvice #Money #Investing

Retail Sales numbers this week will feed into expectations for 2025. Fed meeting tomorrow: Cut and pause, or cut and slow? Employment revisions are also due, but markets won't care. The stock market is still hitting all time highs, but that's not necessarily the case, sector by sector: Basic Materials, Industrials, Financials, and Energy are not mirroring the S&P 500; the Magnificent 7 is responsible for the bulk of growth. It's a very narrow market. “When you sit down with your portfolio management team, and the first comment made is “this is nuts,” it’s probably time to think about your overall portfolio risk. On Friday, that was how the investment committee both started and ended – “this is nuts.” Lance Roberts & Jonathan Penn will also discuss where investors are thinking of investing their money next year, and some common "themes" on the minds of investors who find themselves struggling with not making "knee-jerk" reactions.Lance and Jonathan reveal the inner workings of our investing philosophy, and why Lance is not a permabull...or bear. Looking at event-driven markets. Navigating markets up's and downs: how to break down portfolio risks. Our audio mea culpa and four-day growth. Strategies for high-wealth individuals: Don't wait to do RMD's! Roth IRA's and backdor conversions: Are they worth the trouble? Why you should over-fund life insurance policies; managing tax risks.  SEG-1: S&P 500 vs Everyone Else SEG-2: Is Lance a Permabull? SEG-3: Navigating markets' Ups & Downs SEG-4: Roth IRA's & Back Door Conversions Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Financial Advisor Jonathan Penn, CFP, Produced by Brent Clanton, Executive Producer ------- Watch today's show video here: https://www.youtube.com/watch?v=drZL-tygAg0&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=1314s ------- Articles mentioned in this report: "Permabull? Hardly." https://realinvestmentadvice.com/resources/blog/permabull-hardly/ "Trump Election Sends NFIB Optimism Surging" https://realinvestmentadvice.com/resources/blog/trump-election-sends-nfib-optimism-surging/ ------- The latest installment of our new feature, Before the Bell, "Is the Market Really Doing That Great Outside of the Mag 7?," is here:  https://www.youtube.com/watch?v=yUe60JWmpzM&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1&t=3s ------- Our previous show is here: "Why NFIB Optimism Matters" https://www.youtube.com/watch?v=tTJNZ1ndXpI&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Get more info & commentary:  https://realinvestmentadvice.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/ #StockMarket2024 #MarketVolatility #InvestorInsights #BullOrBear #Microstrategies #SP100 #OilPrices #SlowingEconomy #GoldPrices #GoldCorrection #USDollar #EconomicGrowth #SmallBusinessOptimism #NFIBReport #EconomicTrends #BusinessConfidence #FinancialTalk #InvestingAdvice #Money #Investing

The stock market hitting all-time highs has been somewhat limited to only a few, major stocks. Sector by sector, things have not been quite as grand. Basic Materials, Industrials, Financials, and even Energy stocks have not followed the same trend as the S&P 500. Why is this? Because of the Mag-7 stocks, like Apple, Amazon, Google, and Nvidia, etc. Market breadth is declining. Dig into any sector outside Technology, Communications, and Discretionary, and the market is not doing so great. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=yUe60JWmpzM&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1&t=3s ------- 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/ #MagnificentSeven #SP500 #NarrowMarket #MarketBreadth #BasicMaterials #Financials #Energy #Technology #Communications #Discretionary #OilPrices #SlowingEconomy #GoldPrices #GoldCorrection #USDollar #EconomicGrowth #InvestingAdvice #Money #Investing

Microstrategies joins the S&P 100 (just in time to crash?) Bitcoin continues to climb. The FEd will cut rates on Wednesday, but it's commentary and outlook are what will really count. Look for more volatility heading into the Fed meeting; the current rally may end by the 18th. Oil prices have been struggling, thanks to slowing economic growth = less demand. Gold is over-bought, working through sell signals. Meanwhile, the US dollar is like a rocket ship. Why the NFIB Small Business Index matters (and what it is saying); the NFIB Confidence Index; expectatinos vs actual sales; they always fall short of expectations. Why tariffs are a benefit to small businesses. Outlook is very positive following Trump re-election (most small business owners are conservatively oriented.) Lance reviews how the Economic Cycle works; if economy continues to grow at 3%, inflation will remain sticky. Likely no 30% returns in 2025; what are the causes for concern: When everyone agrees on a positive outlook. A YouTube viewer accuses us of using fake data: The DATA is what the markets pay attention to. Why YOU'RE to blame for Bed, Bath & Beyond's failures & other store closings. Why our childrens' expectations are too expensive. How funky mortgages increase house prices. Why the minimum wage is really zero. SEG-1: Oil, Gold & the US Dollar SEG-2: Why the NFIB Small Business Index Matters SEG-3: How the Economic Cycle Works SSEG-4: Our Data is Fake?? Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch today's show video here: https://www.youtube.com/watch?v=tTJNZ1ndXpI&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Articles mentioned in this report: "Trump Election Sends NFIB Optimism Surging" https://realinvestmentadvice.com/resources/blog/trump-election-sends-nfib-optimism-surging/ ------- The latest installment of our new feature, Before the Bell, "Oil Prices Continue to Struggle," is here:  https://www.youtube.com/watch?v=tFaqEHbneAw&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Looking Ahead to 2025: Realize Gains ro Change Exposure?" https://www.youtube.com/watch?v=N64pdQl_lJ4&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2s ------- Get more info & commentary:  https://realinvestmentadvice.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/ #Microstrategies #SP100 #OilPrices #SlowingEconomy #GoldPrices #GoldCorrection #USDollar #EconomicGrowth #SmallBusinessOptimism #NFIBReport #EconomicTrends #BusinessConfidence #FinancialTalk #InvestingAdvice #Money #Investing

Lots of volatility in the markets last week, as expected; we're still on a short-term sell signal. Volatility is expected to continue this week, at least until the Fed's announcement on Wednesday afternoon. Oil prices continue to struggle on a longer-term basis. A recent uptick in inflation data has been a function, in part, of higher oil prices. But oil prices are over-bought, and they're not expected prices to push much higher. Oil prices, in fact, are a function of the economy, and if the economy slows, pricing will slip downward. The longer-term trend for oil prices is lower. Gold prices have been working through a correction but continue to be in a bullish pricing trend. The Dollar continues to be a rocket ship because the US is the only country with a positive economy. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=tFaqEHbneAw&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/ #OilPrices #SlowingEconomy #GoldPrices #GoldCorrection #USDollar #EconomicGrowth #InvestingAdvice #Money #Investing

Markets are setting up for a Santa Claus Rally; inflation pressure remains. What will the Fed do next week, and what will Powell SAY? The impact of tariffs may not be too dire; optimism abounds on Wall Street. Danny & Matt discuss end of year RMD's and how to best handle non-spousal Inherited IRA distributions. Constant changes in IRS rules are difficult to follow; delaying distributions might not be a wise choice. The current tax code could sunset in 2026. Danny & Matt discuss one-time lump-sum gifts: No one wants to pay a death tax, but few are able to touch the $14-million ceiling on such The lack of basic financial education; the importance of having The Talk about money with family during the holidays. The pro's and con's of charitable giving to Donor-advised funds vs charitable foundations; A discussion of tax rates vs effective rates when deductions are applied; the SALT deductions: What happens to them? SEG-1: Market Commentary: Setting Up for Santa Claus Rally SEG-2: End of Year RMD's & Non-spousal IRA's SEG-3: One-time Lump-sum Gifts SEG-4: Donating to Charitable Funds vs Donor-advised Funds Hosted by RIA Advisors Senior Financial Advisor Danny Ratliff, CFP, w Senior Relationship Manager, Matt Doyle, CFP Produced by Brent Clanton, Executive Producer ------- Watch today's show video here: https://www.youtube.com/watch?v=N64pdQl_lJ4&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2s ------- Articles mentioned in this report: "CPI Was On The Screws: The Fed Has The Green Light" https://realinvestmentadvice.com/resources/blog/cpi-was-on-the-screws-the-fed-has-the-green-light/ "Portfolio Rebalancing And Valuations. Two Risks We Are Watching." https://realinvestmentadvice.com/resources/blog/portfolio-rebalancing-and-valuations-two-risks-we-are-watching/ "2025 – Do Economic Indicators Support Bullish Outlooks?" https://realinvestmentadvice.com/resources/blog/2025-do-economic-indicators-support-bullish-outlooks/ ------- The latest installment of our new feature, Before the Bell, "The Pressure is On the Markets," is here:  https://www.youtube.com/watch?v=Yxcoj_-jaAY&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "CPI Gives the Fed a Green Light for Rate Cut" https://www.youtube.com/watch?v=vPkzTXYsmk0&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2331s ------- Get more info & commentary:  https://realinvestmentadvice.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/ #Investment2025 #StockMarketOutlook #PortfolioStrategy #CapitalGains #WealthManagement #FederalReserve #RateCut #CPI #Inflation #EconomicPolicy #InterestRates #MutualFundDistributions #EarningsVsEconomy #MarketInsights #EconomicGrowth #InvestingWisely #MarketExpectations #PortfolioRealityCheck #InvestmentStrategy #FinancialPlanning #WealthManagement #MarketLeverage #SpeculationRisks #InvestmentTrends #FinancialWarnings #StockVolatility #StockMarketSpeculation #MarketVolatility #HighRiskInvesting #SpeculativeTrading #FinancialTrends2025 #TrumpAdministration #RegulatoryChanges #InvestingAdvice #Money #InvestingAdvice #Money #Investing

Lance reviews a recent report about generational wealth transfers, and notes that his kids get NOTHING. Wednesday's CPI report was seemingly the last hurdle for the Fed to cut interest rates. With the CPI index matching Wall Street forecasts, the Fed Funds futures market now implies a 97% chance the Fed will cut rates next Wednesday. The data was OK but elicits fears that the downward price progress has stalled. Lance & Michael discuss the precarious premise behind Microsystem's Bitcoin strategy, what makes for value, and what happens when there's no more buyers. How did the Hunt Brothers' silver gambit differ from Microsystems Bitcoin bid? CPI Recap: Inflation is sticky at current levels because that's where the growth is. Plowing through the final, lame duck weeks of the Biden presidency; there are still some Federal Covid Stimulus funds to be distributed to states, keeping inflation fires stoked. What's happening with Canada and the rest of the world? Economic growth attracts capital; next year may hold surprises for the bullish crowd. Bitcoin is the epitome of The Greater Fool Theory. SEG-1: Generational Wealth Transfers, CPI , PPI, & Santa Claus Rally SEG-2: Microsystems, Bitcoin, & Convertible Debt SEG-3: What If We Don't Meet 2025 Expectations? SEG-4: Tax Loss Harvesting & RMD's - Do It Now Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Portfolio Manager Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Watch today's show video here: https://www.youtube.com/watch?v=vPkzTXYsmk0&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2331s ------- Articles mentioned in this report: "CPI Was On The Screws: The Fed Has The Green Light" https://realinvestmentadvice.com/resources/blog/cpi-was-on-the-screws-the-fed-has-the-green-light/ "Portfolio Rebalancing And Valuations. Two Risks We Are Watching." https://realinvestmentadvice.com/resources/blog/portfolio-rebalancing-and-valuations-two-risks-we-are-watching/ "2025 – Do Economic Indicators Support Bullish Outlooks?" https://realinvestmentadvice.com/resources/blog/2025-do-economic-indicators-support-bullish-outlooks/ ------- The latest installment of our new feature, Before the Bell, "The Pressure is On the Markets," is here:  https://www.youtube.com/watch?v=Yxcoj_-jaAY&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Portfolio Re-balancing & High Valuation Risks" https://www.youtube.com/watch?v=nASrF7t64kY&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=3s ------- Get more info & commentary:  https://realinvestmentadvice.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/ #FederalReserve #RateCut #CPI #Inflation #EconomicPolicy #InterestRates #PortfolioRebalancing #MarketValuations #RiskManagement #InvestmentTrends #StockMarket2024 #MarketRally #MarketCorrection #MarketExpectations #MarketVolatility #VolatilityIndex #WindowDressing #MarketTrend #PortfolioCleanUp #MarketExuberance #OverBoughtMarket #SP500 #MarketPullBack #MarketConsolidation #MutualFundDistributions #EarningsVsEconomy #MarketInsights #EconomicGrowth #CorporateProfits #InvestingWisely #MarketExpectations #PortfolioRealityCheck #InvestmentStrategy #FinancialPlanning #MarketTrends2024 #WealthManagement #MarketLeverage #SpeculationRisks #InvestmentTrends #FinancialWarnings #StockVolatility #StockMarketSpeculation #MarketVolatility #HighRiskInvesting #SpeculativeTrading #FinancialTrends2025 #TrumpAdministration #RegulatoryChanges #InvestingAdvice #Money #InvestingAdvice #Money #Investing

Markets sold off towards the 20-DMA on Monday and Tuesday, as part of the portfolio rebalancing that normally occurs this time of year. Under-performing and under-weighted stocks have had rallies over the last few days, even as the rest of the market was selling off. Markets did see a bit of a bouce on Wednesday as managers bought and sold to achieve equilibirum. There are probaly another three or four days' worth of this kind of activity, so more sloppy trading to come. The Fed's aniticpate rate-cut announcment next week will set the stage for a nice Santa Claus rally into the end of the year. The rally between where we are now and the end of the year is about 1%. There is a lot of optimism about 2025. There are also many manager who are behind the curve, so they're going to be pushing to make up for lost time. That DOESN'T necessarily mean that HAS to happen. Markets are still over-bought at this point, and flirting with a sell signal. There is still moderate risk. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=Yxcoj_-jaAY&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/ #MarketRally #SantaClausRally #MarketExpectations #MarketVolatility #VolatilityIndex #WindowDressing #MarketTrend #PortfolioCleanUp #MarketExuberance #OverBoughtMarket #SP500 #MarketPullBack #MarketConsolidation #MutualFundDistributions #20DMA #50DMA #100DMA #InvestingAdvice #Money #Investing