Markets Are Back At An All-Time High & Speculation Is Out Of Control

President & Co-Founder at Peak Prosperity • Jun 29, 2025 at 11:00 AM EDT

As stocks are back to being overbought in the short term and earnings forecasts are likely going to have to be ratcheted down sometime soon, the risk of a blow-off top followed by a reversal is not low.

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Portfolio manager Lance Roberts warns that speculation is running rampant among retail investors now.

Yes, the market is now at an all-time high and the bulls are in charge.

But as stocks are back to being overbought in the short term and earnings forecasts are likely going to have to be ratcheted down sometime soon, the risk of a blow-off top followed by a reversal is not low.

We discuss the odds of that, plus potential market black swans and white swans, the growing student loan default crisis, weakening housing, cooling jobs markets, as well as Lance's firm's recent trades in this week's Market Recap.

Video Length: 01:15:38

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